Alley Theatre

Analysis

Alley Theatre is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 1950, 76 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, Alley Theatre reported income of $26.1m and spending of $26.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.1m to $26.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2020, when income dropped by 28%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alley Theatre sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Horace Bushnell Memorial Hall Corporation ($26.1m), Facing History & Ourselves Inc ($26.2m) and Greater Columbus Arts Council Inc ($26.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $1.1m (4.1% of expenses). Other salaries and wages came to $10.5m. It paid $111k in professional fundraising fees. At year end it held assets of $98.8m against liabilities of $4.5m, net assets of $94.3m. It reported 416 employees.