Sound Theatre

Analysis

Sound Theatre is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2013, 13 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, Sound Theatre reported income of $473k and spending of $624k, spending 132% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $336k to $473k (+41%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sound Theatre sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include International Conference on Environmental Systems Inc ($473k), Ballet Theatre of Ashburn Inc ($473k) and Fidalgo Danceworks ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $60k (9.6% of expenses). Other salaries and wages came to $246k. At year end it held assets of $28k against liabilities of $67k, net assets of -$39k. It reported 23 employees.