The Warehouse Theatre

Analysis

The Warehouse Theatre is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in January 1975, 51 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, The Warehouse Theatre reported income of $873k and spending of $998k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $873k (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. 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, The Warehouse Theatre sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Daniel Singer Millenium Prize Foundation Inc ($873k), Leavenworth Summer Theater ($874k) and California Biotechnology Foundation ($873k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $112k (11% of expenses). Other salaries and wages came to $228k. At year end it held assets of $2.6m against liabilities of $316k, net assets of $2.3m. It reported 25 employees.