Broadway Theatre League of Huntsville Inc

Analysis

Broadway Theatre League of Huntsville Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in January 1985, 41 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 May 2024, Broadway Theatre League of Huntsville Inc reported income of $4.6m and spending of $4.9m, spending 106% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $3.5m to $4.6m (+31%), an average of +5.6% a year. The sharpest change came in the year to May 2022, when income rose by 1777%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Broadway Theatre League of Huntsville Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within AL. Charities of a similar size with the same main cause include East Tennessee Public Communications Corporation ($4.6m), Florida Public Broadcasting Service Inc ($4.6m) and Meserve-Kunhardt Foundation Inc ($4.6m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $184k (3.8% of expenses). Other salaries and wages came to $296k. At year end it held assets of $2.0m against liabilities of $18k, net assets of $2.0m. It reported 9 employees.