Taproot Theatre

Analysis

Taproot Theatre is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1978, 48 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 December 2023, Taproot Theatre reported income of $2.6m and spending of $4.0m, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.6m (-4.5%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Taproot Theatre sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Mount Washington Observatory ($2.6m), Roots of Humanity Foundation Inc ($2.6m) and Foundation for Traditional Cultureinc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $101k (2.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.8m against liabilities of $2.2m, net assets of $3.6m. It reported 234 employees.