Fountain Hills Theater Inc

Analysis

Fountain Hills Theater Inc is a registered charity in United States, based in Fountain HLS, AZ. It received its IRS tax-exemption ruling in April 1989, 37 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, Fountain Hills Theater Inc reported income of $448k and spending of $719k, spending 160% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $561k to $448k (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fountain Hills Theater Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within AZ. Charities of a similar size with the same main cause include Carmel Ideas Foundation ($448k), Table Grace Ministries ($448k) and Gulf International Forum Inc ($448k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $235k. At year end it held assets of $874k against liabilities of $261k, net assets of $612k. It reported 8 employees.