The Florida Theatre Performing Arts

Analysis

The Florida Theatre Performing Arts is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 1988, 38 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 September 2023, The Florida Theatre Performing Arts reported income of $12.3m and spending of $10.3m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.1m to $12.3m (+35%), an average of +7.9% a year. The sharpest change came in the year to September 2022, when income rose by 46%. Over the whole period it spent 78% 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 Florida Theatre Performing Arts sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Maltz Jupiter Theatre Inc ($12.3m), Childrens Theater Company and School ($12.3m) and Holocaust Memorial Foundation of Illinois Inc ($12.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 34% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $681k (6.6% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $19.1m against liabilities of $4.1m, net assets of $15.0m. It reported 317 employees.