Valley Youth Theatre

Analysis

Valley Youth Theatre is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 1990, 36 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, Valley Youth Theatre reported income of $1.4m and spending of $1.6m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $1.4m (-40%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 526%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Valley Youth Theatre sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within AZ. Charities of a similar size with the same main cause include Dorset Theatre Festival ($1.4m), Pasadena Community Access Corp ($1.4m) and Austin Steam Train Association Incorporated ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $268k (17% of expenses). Other salaries and wages came to $447k. At year end it held assets of $6.9m against liabilities of $439k, net assets of $6.5m. It reported 15 employees.