Essential Theatre Inc

Analysis

Essential Theatre Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 1999, 27 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 February 2024, Essential Theatre Inc reported income of $89k and spending of $74k, spending 83% of its income. Across the 2 years on record, from February 2023 to February 2024, income grew from $71k to $89k (+25%), an average of +25% a year. The sharpest change came in the year to February 2024, when income rose by 25%. 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, Essential Theatre Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within GA. Charities of a similar size with the same main cause include Suffolk County Police Officers Emerald Society Inc ($89k), Suffrage Coalition ($89k) and Berkeley Architectural Heritage Association ($89k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.