Wayne Theatre Alliance Inc

Analysis

Wayne Theatre Alliance Inc is a registered charity in United States, based in Waynesboro, VA. It received its IRS tax-exemption ruling in February 2001, 25 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 2022, Wayne Theatre Alliance Inc reported income of $1.6m and spending of $1.2m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income fell from $2.4m to $1.6m (-33%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 166%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wayne Theatre Alliance Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Philadelphia Dance Company ($1.6m), Preservation Alliance for Greater Philadelphia ($1.6m) and Cleveland Print Room Inc ($1.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 57% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $90k (7.7% of expenses). Other salaries and wages came to $246k. At year end it held assets of $5.1m against liabilities of $424k, net assets of $4.6m. It reported 12 employees.