5th Avenue Theatre Association

Analysis

5th Avenue Theatre Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1980, 46 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 July 2023, 5th Avenue Theatre Association reported income of $29.0m and spending of $32.6m, spending 112% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $32.2m to $29.0m (-10.0%), an average of -2.6% a year. The sharpest change came in the year to July 2022, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 5th Avenue Theatre Association sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Overture Center Foundation Inc ($28.9m), Screen Actors Guild - American Federation of Television and Radio ($29.0m) and Jacksonville Symphony Association ($28.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 26% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $638k (2.0% of expenses). Other salaries and wages came to $12.0m. It paid $70k in professional fundraising fees. At year end it held assets of $28.2m against liabilities of $16.6m, net assets of $11.6m. It reported 669 employees.