Ashland Theater Foundation

Analysis

Ashland Theater Foundation is a registered charity in United States, based in Ashland, VA. It received its IRS tax-exemption ruling in April 2011, 15 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ashland Theater Foundation reported income of $466k and spending of $510k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $685k to $466k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ashland Theater Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Evanston History Center ($466k), Bosque Museum ($466k) and Waco Creative Art Center ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 84% of the total. Other salaries and wages came to $204k. At year end it held assets of $523k against liabilities of $5,581, net assets of $517k. It reported 20 employees.