Haywood Arts Repertory Theater

Analysis

Haywood Arts Repertory Theater is a registered charity in United States, based in Waynesville, NC. It received its IRS tax-exemption ruling in July 1991, 35 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 December 2023, Haywood Arts Repertory Theater reported income of $638k and spending of $582k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $428k to $638k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 238%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Haywood Arts Repertory Theater sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Sam and Alfreda Maloof Foundation for Arts and Crafts ($638k), Hawaii Global Education Foundation ($639k) and Patrons of Exceptional Artists Inc ($638k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 59% of the total. Other salaries and wages came to $142k. At year end it held assets of $2.0m against liabilities of $8,176, net assets of $2.0m. It reported 8 employees.