Visalian Friends of the Fox Theatre

Analysis

Visalian Friends of the Fox Theatre is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in May 1997, 29 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 June 2023, Visalian Friends of the Fox Theatre reported income of $900k and spending of $821k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $520k to $900k (+73%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 308%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Visalian Friends of the Fox Theatre sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Northern California World Trade Center ($900k), North Alabama Hockey Association Inc ($900k) and Rehabilitation Through the Arts Inc ($900k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $81k (9.8% of expenses). Other salaries and wages came to $181k. At year end it held assets of $1.8m against liabilities of $42k, net assets of $1.8m. It reported 30 employees.