Friends of the Theatre Asu Inc

Analysis

Friends of the Theatre Asu Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in July 2000, 26 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 2022, Friends of the Theatre Asu Inc reported income of $101k and spending of $64k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $126k to $101k (-20%), an average of -7.3% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Theatre Asu Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within AL. Charities of a similar size with the same main cause include Shamrock Productions ($101k), Melange Dance Company ($101k) and Olive Hill Historical Society Inc ($101k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $153k against liabilities of $0, net assets of $153k.