Theatreworks Silicon Valley

Analysis

Theatreworks Silicon Valley is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in September 1982, 44 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, Theatreworks Silicon Valley reported income of $5.3m and spending of $9.5m, spending 178% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.6m to $5.3m (-45%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatreworks Silicon Valley sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include STEM From Dance ($5.3m), Montpelier Foundation ($5.3m) and Young Peoples Chorus of New York City Inc ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $427k (4.5% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $6.2m against liabilities of $3.6m, net assets of $2.6m. It reported 285 employees.