Olympic Theatre Arts

Analysis

Olympic Theatre Arts is a registered charity in United States, based in Sequim, WA. It received its IRS tax-exemption ruling in May 1990, 36 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, Olympic Theatre Arts reported income of $428k and spending of $337k, leaving 21% of income unspent that year. Across the 4 years on record, from August 2020 to December 2023, income grew from $179k to $428k (+139%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 157%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Olympic Theatre Arts sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include Summit County Historical Society of Akron Ohio ($428k), National Human Services Data Consortium ($428k) and Hispanic League ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $43k (13% of expenses). Other salaries and wages came to $79k. At year end it held assets of $1.2m against liabilities of $207k, net assets of $1.0m. It reported 6 employees.