Theatre Albany

Analysis

Theatre Albany is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in January 1959, 67 years ago. 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, Theatre Albany reported income of $149k and spending of $183k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $229k to $149k (-35%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 71%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Theatre Albany sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within GA. Charities of a similar size with the same main cause include Rotary Club of North Scott Educational Foundation ($149k), PTA California Congress of Parents Teachers & Students Inc ($149k) and The Christ Lutheran Foundation Lincoln Nebraska ($149k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 52% of the total. Other salaries and wages came to $37k. At year end it held assets of $135k against liabilities of $1,971, net assets of $134k. It reported 1 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.