Historic Elsinore Theatre Inc

Analysis

Historic Elsinore Theatre Inc is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in March 1981, 45 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 June 2023, Historic Elsinore Theatre Inc reported income of $2.6m and spending of $2.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.6m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 311%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Elsinore Theatre Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OR. Charities of a similar size with the same main cause include Science Friday Initiative Inc ($2.6m), Hcpa Services Company ($2.6m) and Wonderbound ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 74% of the total. Other salaries and wages came to $465k. At year end it held assets of $3.9m against liabilities of $115k, net assets of $3.7m. It reported 16 employees.