Theatre in the Park Inc

Analysis

Theatre in the Park Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 1977, 49 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 June 2024, Theatre in the Park Inc reported income of $2.0m and spending of $1.8m, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.8m to $2.0m (+12%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income rose by 298%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Theatre in the Park Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Tamassee Hope Village Inc ($2.0m), St Paul Apartments Inc ($2.0m) and Golden Age Senior Citizens ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $112k (6.2% of expenses). Other salaries and wages came to $296k. At year end it held assets of $2.1m against liabilities of $23k, net assets of $2.1m. It reported 10 employees.