West Virginia Public Theatre

Analysis

West Virginia Public Theatre is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in May 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, West Virginia Public Theatre reported income of $320k and spending of $394k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $459k to $320k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. 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, West Virginia Public Theatre sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WV. Charities of a similar size with the same main cause include Prairie Ridge Health Foundation Inc ($320k), Texas South Plains Honor Flight ($320k) and Drake State Technical College Foundation Inc ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $46k (12% of expenses). Other salaries and wages came to $5,886. At year end it held assets of $151k against liabilities of $3,190, net assets of $148k. It reported 5 employees.