Hiway Theatre Inc

Analysis

Hiway Theatre Inc is a registered charity in United States, based in Ambler, PA. It received its IRS tax-exemption ruling in August 2003, 23 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, Hiway Theatre Inc reported income of $570k and spending of $659k, spending 116% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income fell from $616k to $570k (-7.3%), an average of -1.5% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hiway Theatre Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include South Dakota Historical Society Foundation ($570k), Rocky Mountain Ballet Theatre ($571k) and Third Rail Repertory Theatre ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 52% of the total. At year end it held assets of $944k against liabilities of $633k, net assets of $311k.