Adobe Theater Inc

Analysis

Adobe Theater Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 1992, 34 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 December 2023, Adobe Theater Inc reported income of $192k and spending of $192k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $201k to $192k (-4.4%), an average of -2.2% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Adobe Theater Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NM. Charities of a similar size with the same main cause include Gabriel Chamber Ensemble ($192k), Berks Youth Chorus Inc ($192k) and International Association of Music Libraries Archives &documentation ($192k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 78% of the total. At year end it held assets of $472k against liabilities of $278k, net assets of $195k.