United Theatre Education Center

Analysis

United Theatre Education Center is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in July 2023, 3 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 (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Theatre Education Center reported income of $170k and spending of $205k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $233k to $170k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, United Theatre Education Center sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within RI. Charities of a similar size with the same main cause include Melody of Dragon Inc ($170k), Porter-Phelps-Huntington Foundation Inc ($170k) and Suzuki Music Academy of Kalamazoo ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $130k. At year end it held assets of $124k against liabilities of $98k, net assets of $25k. It reported 4 employees.