Thalian Association of Wilmington Inc

Analysis

Thalian Association of Wilmington Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in May 1945, 81 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Thalian Association of Wilmington Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $767k to $1.1m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 266%. 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, Thalian Association of Wilmington Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Musical Bridges Around the World Inc ($1.1m), The Lamp Theatre Corporation ($1.1m) and First State Ballet Theatre Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 64% of the total. Other salaries and wages came to $309k. At year end it held assets of $821k against liabilities of $168k, net assets of $653k. It reported 9 employees.