Capitol Theatre Committee

Analysis

Capitol Theatre Committee is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in April 1976, 50 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Capitol Theatre Committee reported income of $1.8m and spending of $1.7m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $1.8m (+15%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 163%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capitol Theatre Committee sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Lowell Festival Foundation ($1.8m), Henegar Performing Arts Center Inc ($1.8m) and New Conservatory ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $139k (8.0% of expenses). Other salaries and wages came to $453k. At year end it held assets of $2.7m against liabilities of $450k, net assets of $2.2m. It reported 92 employees.