Historic Tennessee Theatre Foundation

Analysis

Historic Tennessee Theatre Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in October 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Tennessee Theatre Foundation reported income of $18.0m and spending of $15.5m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.6m to $18.0m (+87%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 170%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Tennessee Theatre Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Bermuda Institute of Ocean Sciences Bios Inc ($18.0m), Capital Public Radio Inc ($18.1m) and Dallas Opera ($18.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $178k (1.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $41.3m against liabilities of $7.1m, net assets of $34.2m. It reported 27 employees.