Barter Foundation Incorporated State Theatre of Virginia

Analysis

Barter Foundation Incorporated State Theatre of Virginia is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in December 1962, 64 years ago. 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 December 2023, Barter Foundation Incorporated State Theatre of Virginia reported income of $6.9m and spending of $6.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.8m to $6.9m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Barter Foundation Incorporated State Theatre of Virginia sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Young Mens Christian Association of Southern Maine ($6.9m), The Cooper Foundation Inc ($6.9m) and Harmony House Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $150k (2.2% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $11.7m against liabilities of $2.9m, net assets of $8.8m. It reported 144 employees.