Hillbarn Theatre Inc

Analysis

Hillbarn Theatre Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in February 1966, 60 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, Hillbarn Theatre Inc reported income of $1.1m and spending of $1.3m, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.4m to $1.1m (-24%), an average of -6.5% a year. The sharpest change came in the year to August 2022, when income rose by 35%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hillbarn Theatre Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Kovno Communications Inc ($1.1m), Moving Company Dance Center ($1.1m) and Wellesley Theatre Project Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $28k (2.2% of expenses). Other salaries and wages came to $374k. At year end it held assets of $1.5m against liabilities of $320k, net assets of $1.2m. It reported 47 employees.