Freehold Theatre Lab Studio

Analysis

Freehold Theatre Lab Studio is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1996, 30 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, Freehold Theatre Lab Studio reported income of $563k and spending of $489k, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $493k to $563k (+14%), an average of +3.4% a year. The sharpest change came in the year to August 2023, when income rose by 80%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Freehold Theatre Lab Studio sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include Royal Shakespeare Company America ($563k), Arkansas Cinema Society Inc ($563k) and Nantucket Preservation Trust Inc ($563k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 33% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $90k (18% of expenses). Other salaries and wages came to $210k. At year end it held assets of $734k against liabilities of $402k, net assets of $332k.