Foundry Theater Inc

Analysis

Foundry Theater Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in July 2022, 4 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, Foundry Theater Inc reported income of $92k and spending of $88k, spending 96% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $81k to $92k (+13%), an average of +13% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundry Theater Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within WV. Charities of a similar size with the same main cause include Filipino American Association of Pensacola Inc ($92k), Dakota West Arts Council Inc ($92k) and Alpine Community Theater ($92k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $11k against liabilities of $4,624, net assets of $5,959.