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Walnut Street Theatre Corporation
Walnut Street Theatre Corporation reported $18.6 million in revenue and $16.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $75.95 went to program services, $19.69 to management and general costs and $4.36 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 60.2% of the total. Government grants made up 15.9%. The highest compensation it reported for one person was $841,556 (PRESIDENT & PRODUCING ARTISTIC DIR). 8 people received more than $100,000 in reportable compensation. Revenue rose 46% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $16MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $19MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 75.9% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.7% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.4% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.12 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 30.0% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 15.9% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 60.2% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $841,556 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.26% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 8 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 20.3 | 36.6 |
| Independent voting board members Part VI 1a–1b | 19 of 20 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseMainstage productions:during the 2024-25 season, Walnut Street Theatre mainstage productions welcomed 167,067 attendees, including 21,925 subscribers. The company provided employment to over 440 workers. The season included jersey boys, elf the musical, driving miss daisy, noel coward's hay fever, and dreamgirls. The season also included a holiday concert featuring hugh panaro
Theatre school:during the 2024-2025 season, our theatre school worked with 68 teaching artists and 1,238 students. Camp walnut produced six divisions for 128 students with 11 teaching artists. Camp held 12 live performances for friends and family. Touring outreach served 41 districts, 124 schools, 239 performances and 59,391 students. The adopt-a-school program served five philadelphia schools this past year. Through this initiative, five of our wst teaching artists taught 2,247 students. Our residency program had 17 wst teaching artists serving 25 schools and reaching 1,238 total students.…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & PRODUCING ARTISTIC DIR Director/trustee, officer, 60.00 hrs/week | $838,171 | $0 | $3,385 | $841,556 |
| MANAGING DIRECTOR Officer, 60.00 hrs/week | $526,128 | $0 | $18,298 | $544,426 |
| DIRECTOR OF MARKETING & PR Highest compensated employee, 60.00 hrs/week | $326,116 | $0 | $12,319 | $338,435 |
| DIRECTOR OF PRODUCTION Highest compensated employee, 60.00 hrs/week | $191,000 | $0 | $10,520 | $201,520 |
| DIRECTOR OF EDUCATION Highest compensated employee, 60.00 hrs/week | $154,000 | $0 | $29,247 | $183,247 |
| CONTROLLER Highest compensated employee, 60.00 hrs/week | $145,500 | $0 | $36,954 | $182,454 |
| DIRECTOR OF DEVELOPMENT Highest compensated employee, 60.00 hrs/week | $157,000 | $0 | $12,589 | $169,589 |
8 people received more than $100,000 in reportable compensation from Walnut Street Theatre Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b20 · 19 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5322
- Volunteers Part I, line 6350
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| INTECH CONSTRUCTION LLC Construction | $2,136,871 |
| HARMELIN MEDIA Marketing & advertising | $418,637 |
| CAPACITY INTERACTIVE CONSULTING Marketing & advertising | $386,799 |
| MUSIC THEATRE INTERNATIONAL Show licensing | $342,712 |
| THEATRICAL RIGHTS WORLDWIDE Show licensing | $240,955 |
Individuals listed as contractors are left out. 15 contractors were paid more than $100,000 in all.
Private foundation grants it received
22 private foundations reported grants to Walnut Street Theatre Corporation totaling $175K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Walnut Street Theatre Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Walnut Street Theatre Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Walnut Street Theatre Corporation spent in FY2025, $75.95 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- FernbankAtlanta, GA · revenue $19M · programs 69.4% · 2024
- Opas FoundationOmaha, NE · revenue $19M · programs 97.4% · FY2025
- The Chamber Music Society of Lincoln CenterNew York, NY · revenue $19M · programs 76.0% · FY2025
- Old Dartmouth Historical SocietyNew Bedford, MA · revenue $19M · programs 77.0% · 2024
- North Carolina Symphony SocietyRaleigh, NC · revenue $19M · programs 81.1% · FY2025
All arts, culture & humanities charities · Largest charities in Pennsylvania
Questions people ask
How much of Walnut Street Theatre Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, Walnut Street Theatre Corporation reported that 75.9% of its $16.0 million in expenses went to program services, 19.7% to management and general and 4.4% to fundraising (Form 990, Part IX).
How much does Walnut Street Theatre Corporation pay its top executive?
The largest total compensation Walnut Street Theatre Corporation reported for one person in the fiscal year ending June 30, 2025 was $841,556, for the role of PRESIDENT & PRODUCING ARTISTIC DIR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Walnut Street Theatre Corporation get its money?
Of $18.6 million in revenue in the fiscal year ending June 30, 2025, 30.0% came from contributions and grants (including 15.9% from government grants) and 60.2% from program service revenue (Form 990, Part VIII).
Is Walnut Street Theatre Corporation a registered charity?
The IRS lists EIN 23-1715152 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611329349306836 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349312912 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431309349304553 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349304110 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349300019 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111379349305916 · read the filing
All filings for EIN 23-1715152: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.