Almost Famous Theatre Company Foundation

Analysis

Almost Famous Theatre Company Foundation is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in February 2017, 9 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, Almost Famous Theatre Company Foundation reported income of $106k and spending of $165k, spending 155% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $242k to $106k (-56%), an average of -56% a year. The sharpest change came in the year to June 2023, when income dropped by 56%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Almost Famous Theatre Company Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within AZ. Charities of a similar size with the same main cause include American Historical Print Collectors Society Inc ($106k), Empowe-R Women of Infosec ($106k) and Bushfire Theatre of Performing Arts ($106k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 61% of the total. At year end it held assets of $40k against liabilities of $28k, net assets of $12k.