Prologue Theatre

Analysis

Prologue Theatre is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in March 2019, 7 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, Prologue Theatre reported income of $331k and spending of $372k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $525k to $331k (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prologue Theatre sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Botto House American Labor Museum ($331k), Dana Adobe Nipomo Amigos Inc ($331k) and Artstart Inc ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Other salaries and wages came to $79k. At year end it held assets of $26k against liabilities of $2,917, net assets of $23k. It reported 2 employees.