Theatre Arts Guild

Analysis

Theatre Arts Guild is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in November 1997, 29 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, Theatre Arts Guild reported income of $192k and spending of $185k, spending 97% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $299k to $192k (-36%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Arts Guild sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within WA. Charities of a similar size with the same main cause include The Canton-Madison County Historical Society ($192k), Grand Junction Symphony Foundation Inc ($192k) and Joy for Generations Inc ($192k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 88% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.