Cadence Theatre Company Inc

Analysis

Cadence Theatre Company Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Cadence Theatre Company Inc reported income of $487k and spending of $569k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $375k to $487k (+30%), an average of +6.7% a year. The sharpest change came in the year to September 2023, when income rose by 42%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cadence Theatre Company Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Institute of Advanced Sciences ($487k), Rasika Society for Arts of India ($487k) and Passages Inc ($487k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $139k (24% of expenses). Other salaries and wages came to $164k. At year end it held assets of $37k against liabilities of $22k, net assets of $15k. It reported 2 employees.