Forte Theatre Company Inc

Analysis

Forte Theatre Company Inc is a registered charity in United States, based in Franklin, WI. It received its IRS tax-exemption ruling in January 2018, 8 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 August 2023, Forte Theatre Company Inc reported income of $88k and spending of $105k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to August 2023, income fell from $150k to $88k (-42%), an average of -42% a year. The sharpest change came in the year to August 2023, when income dropped by 42%. 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, Forte Theatre Company Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within WI. Charities of a similar size with the same main cause include Tavares Theater Company ($88k), The Foundation of the Alliance for Community Media ($88k) and Texas Tennis Museum & Hall of Fame ($88k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 7.3% and program service revenue 93% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.