Arizona Theatre Company

Analysis

Arizona Theatre Company is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in July 1967, 59 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 June 2023, Arizona Theatre Company reported income of $6.1m and spending of $8.1m, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.3m to $6.1m (-27%), an average of -7.7% a year. The sharpest change came in the year to June 2022, when income rose by 102%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arizona Theatre Company sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Marine Science Foundation ($6.1m), North Carolina Museum of History Foundation ($6.1m) and Judd Foundation ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $623k (7.7% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $4.8m against liabilities of $3.5m, net assets of $1.2m. It reported 311 employees.