Theatre Bay Area

Analysis

Theatre Bay Area is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 1977, 49 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 June 2023, Theatre Bay Area reported income of $935k and spending of $925k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $935k (-36%), an average of -10% a year. The sharpest change came in the year to June 2020, when income dropped by 30%. Over the whole period it spent 105% 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 Bay Area sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Definition Theatre Company ($934k), White Snake Projects Inc ($935k) and Alexandria Seaport Foundation ($934k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $105k (11% of expenses). Other salaries and wages came to $320k. At year end it held assets of $655k against liabilities of $283k, net assets of $372k. It reported 10 employees.