Workshop Theatre of South Carolina

Analysis

Workshop Theatre of South Carolina is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in June 1967, 59 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 May 2023, Workshop Theatre of South Carolina reported income of $160k and spending of $200k, spending 125% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $141k to $160k (+14%), an average of +3.2% a year. The sharpest change came in the year to May 2020, when income dropped by 372%. Over the whole period it spent 962% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Workshop Theatre of South Carolina sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within SC. Charities of a similar size with the same main cause include New Orleans Mardi Gras Indian Council Incorporated ($160k), Richardson Theatre Center Inc ($160k) and Zawaya ($160k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Other salaries and wages came to $45k. At year end it held assets of $85k against liabilities of $1,097, net assets of $83k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.