Renew Theaters Inc

Analysis

Renew Theaters Inc is a registered charity in United States, based in Ambler, PA. It received its IRS tax-exemption ruling in June 2006, 20 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Renew Theaters Inc reported income of $57k and spending of $34k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $854k to $57k (-93%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 93%. 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, Renew Theaters Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within PA. Charities of a similar size with the same main cause include Educational Theater of New York ($57k), Science Live Productions Inc ($57k) and Historic Sandusky Foundation Inc ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $227k against liabilities of $147k, net assets of $80k. It reported 102 employees.