River West Theater Inc

Analysis

River West Theater Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 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, River West Theater Inc reported income of $573k and spending of $271k, leaving 53% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $268k to $573k (+113%), an average of +21% a year. The sharpest change came in the year to August 2023, when income rose by 82%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, River West Theater 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 72nd percentile within IN. Charities of a similar size with the same main cause include American Filtration and Seperations Society Inc ($573k), Bay Area Jazz and Arts Inc ($573k) and Pasadena Historical Society Inc ($572k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Other salaries and wages came to $74k. At year end it held assets of $1.3m against liabilities of $117k, net assets of $1.2m. It reported 5 employees.