Theatre Art Galleries

Analysis

Theatre Art Galleries is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in May 1993, 33 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 June 2023, Theatre Art Galleries reported income of $798k and spending of $430k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $276k to $798k (+189%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 64% 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 Art Galleries sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Canopy Canopy Canopy Inc ($798k), Hollywood Fringe ($798k) and Reloop Americas Research Institute ($798k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $107k (25% of expenses). Other salaries and wages came to $94k. At year end it held assets of $1.7m against liabilities of $8,722, net assets of $1.6m. It reported 4 employees.