Firehouse Theatre Project Inc

Analysis

Firehouse Theatre Project Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Firehouse Theatre Project Inc reported income of $521k and spending of $540k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $274k to $521k (+91%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Firehouse Theatre Project Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Childrens Discovery Museum Inc ($521k), Leavenworth Nutcracker Museum ($521k) and Tephra Institute of Contemporary Art Inc ($521k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 27% of the total. Other salaries and wages came to $177k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 10 employees.