Theatre Workshop of Owensboro Inc

Analysis

Theatre Workshop of Owensboro Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in June 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Theatre Workshop of Owensboro Inc reported income of $243k and spending of $300k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $321k to $243k (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Theatre Workshop of Owensboro Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within KY. Charities of a similar size with the same main cause include Institute for Law and Economic Policy Inc ($243k), Julius & Esther Stulberg Competition Inc ($243k) and Fergus Falls Community Food Shelf Inc ($243k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $53k (18% of expenses). At year end it held assets of $734k against liabilities of $4,092, net assets of $730k. It reported 9 employees.