Theatre Huntsville

Analysis

Theatre Huntsville is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in December 1975, 51 years ago. 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 August 2023, Theatre Huntsville reported income of $427k and spending of $442k, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $211k to $427k (+103%), an average of +19% a year. The sharpest change came in the year to August 2023, when income rose by 35%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Theatre Huntsville sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within AL. Charities of a similar size with the same main cause include Cullman Regional Medical Center Foundation Inc ($427k), Media Institute ($427k) and Sturge-Weber Foundation ($427k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 33% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $45k (10% of expenses). Other salaries and wages came to $73k. At year end it held assets of $275k against liabilities of $201k, net assets of $74k. It reported 7 employees.