Passes our checks

Rialto Theatre Foundation

EIN 16-1699701 · Tucson, AZ

Public records show a registered, tax-exempt organization in good standing.

What it says it does

RENOVATION AND OPERATION OF CERTIFIED HISTORIC THEATRE IN DOWNTOWN TUCSON, AZ.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 70 out of 100. Higher than 47% of charities in its peer group (arts and culture, $1m to $10m).

Reserves
20 of 35
Spendable reserves would cover 5.0 months of spending.
Debt
10 of 20
It owes 34% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 10% of income.
Income trend
10 of 15
Income fell 1% on the year before.
Spending floor
15 of 15
88% of spending went to programs and raising each dollar of donations cost 15 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 84 out of 100. Higher than 35% of charities in its peer group (arts and culture, $1m to $10m).

Independent board
25 of 25
16 of 16 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
8 of 8
Has a written whistleblower policy.
Record keeping policy
7 of 7
Has a written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
0 of 15
Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$6.9 million spent. THE RIALTO THEATRE FOUNDATION (THE "THEATRE") IS AN ARIZONA NOT-FOR-PROFIT CORPORATION ESTABLISHED IN 2004 DEDICATED TO THE STEWARDSHIP AND PRESERVATION OF THE HISTORIC RIALTO THEATRE, A UNIQUE ENTERTAINMENT VENUE AND CORNERSTONE OF DOWNTOWN TUCSON, OFFERING A BROAD RANGE OF HIGH QUALITY PERFORMING ARTS THAT ARE REFLECTIVE OF THE DIVERSE AND VIBRANT COMMUNITY IT SERVES. THE THEATRE IS FUNDED PRIMARILY THROUGH TICKET SALES AND CONCESSIONS FROM OVER 500 SHOWS PER YEAR WITH PROFITS AFTER EXPENSES USED TO MAINTAIN AND MAKE IMPROVEMENTS TO THE BUILDING.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 2005.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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