Theatre West Virginia Inc

Analysis

Theatre West Virginia Inc is a registered charity in United States, based in Beckley, WV. It received its IRS tax-exemption ruling in October 1961, 65 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 September 2022, Theatre West Virginia Inc reported income of $412k and spending of $348k, spending 84% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $279k to $412k (+48%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 83%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre West Virginia Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within WV. Charities of a similar size with the same main cause include Porch Writers Collective ($412k), Story & Song Center for Arts & Culture Inc ($412k) and Democratic Socialists of America Fund Inc ($412k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 73% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $65k (19% of expenses). Other salaries and wages came to $122k. At year end it held assets of $180k against liabilities of $3,703, net assets of $176k. It reported 60 employees.