7th Street Theatre Association

Analysis

7th Street Theatre Association is a registered charity in United States, based in Hoquiam, WA. It received its IRS tax-exemption ruling in February 1987, 39 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 December 2023, 7th Street Theatre Association reported income of $336k and spending of $217k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $166k to $336k (+102%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 248%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 7th Street Theatre Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include National Conservatory of Dramatic Arts ($336k), Bardstown Historic Development Corporation ($336k) and Khoi FM ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $22k (10% of expenses). Other salaries and wages came to $4,143. At year end it held assets of $1.9m against liabilities of $2,455, net assets of $1.9m. It reported 3 employees.