Theatre Aspen

Analysis

Theatre Aspen is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in June 1984, 42 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 2023, Theatre Aspen reported income of $4.6m and spending of $4.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.6m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Aspen 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 92nd percentile within CO. Charities of a similar size with the same main cause include Miami New Drama Inc ($4.6m), Wichita Art Museum Inc ($4.6m) and Friends of Hildene Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 40% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $2.3m against liabilities of $329k, net assets of $2.0m. It reported 69 employees.