Louisville Theatrical Association

Analysis

Louisville Theatrical Association is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1947, 79 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 June 2023, Louisville Theatrical Association reported income of $11.2m and spending of $11.2m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $10.2m to $11.2m (+10%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 1790%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Louisville Theatrical Association 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 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Vietnam Veterans Memorial Fund Inc ($11.2m), National Museum of Mexican Art ($11.3m) and Great Lakes Center for the Arts ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. At year end it held assets of $11.0m against liabilities of $10.0m, net assets of $910k.