Albany Civic Theater Inc

Analysis

Albany Civic Theater Inc is a registered charity in United States, based in Albany, OR. It received its IRS tax-exemption ruling in January 1960, 66 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 August 2023, Albany Civic Theater Inc reported income of $240k and spending of $197k, spending 82% of its income. Across the 3 years on record, from August 2021 to August 2023, income fell from $1.0m to $240k (-77%), an average of -52% a year. The sharpest change came in the year to August 2022, when income dropped by 71%. Over the whole period it spent 24% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albany Civic Theater Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OR. Charities of a similar size with the same main cause include Tamil Sangam Michigan ($240k), Baton Rouge Symphony League Inc ($240k) and Fralinger String Band Inc ($240k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 64% and program service revenue 34% of the total. At year end it held assets of $1.6m against liabilities of $47, net assets of $1.6m.