Winston Salem Theatre Alliance Inc

Analysis

Winston Salem Theatre Alliance Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in October 2014, 12 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 2023, Winston Salem Theatre Alliance Inc reported income of $1.1m and spending of $530k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $948k to $1.1m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Winston Salem Theatre Alliance 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 Cable Natural History Museum Inc ($1.1m), Cinema St Louis ($1.1m) and New Orleans Musicians Assistancefoundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $12k (2.4% of expenses). At year end it held assets of $3.8m against liabilities of $851k, net assets of $2.9m.