Village Theatre

Analysis

Village Theatre is a registered charity in United States, based in Issaquah, WA. It received its IRS tax-exemption ruling in September 1979, 47 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 August 2023, Village Theatre reported income of $11.8m and spending of $15.7m, spending 133% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $13.4m to $11.8m (-12%), an average of -3.1% a year. The sharpest change came in the year to August 2022, when income rose by 74%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Village Theatre sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Signature Theatre Inc ($11.8m), Opera Theatre of Saint Louis ($11.9m) and National Yiddish Book Center Inc ($11.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 31% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $547k (3.5% of expenses). Other salaries and wages came to $8.8m. It paid $7,431 in professional fundraising fees. At year end it held assets of $21.2m against liabilities of $7.4m, net assets of $13.9m. It reported 652 employees.