The Grand Theatre Foundation Inc

Analysis

The Grand Theatre Foundation Inc is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in July 2001, 25 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Grand Theatre Foundation Inc reported income of $860k and spending of $1.1m, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $653k to $860k (+32%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Grand Theatre Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within UT. Charities of a similar size with the same main cause include Playwrights Project ($859k), RGV Genesis Drum and Bugle Corps Inc ($860k) and Salina Educational Automotive Museum of America Inc ($859k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 19% of the total. Other salaries and wages came to $577k. At year end it held assets of $460k against liabilities of $23k, net assets of $436k. It reported 35 employees.