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Key City Players Inc

EIN 91-6070946 · Port Townsend, WA

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

LegitimacyPassesRegistration and standingFinancial healthWeak40 out of 100GovernanceFair63 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PRODUCE HIGH CALIBER THEATER AND ENRICHING CULTURAL EXPERIENCES ALONG WITH ROBUST EDUCATIONAL PROGRAMS THAT SIGNIFICANTLY ENRICH THE QUALITY OF LIFE IN OUR REGION.

Income
$727,994
Spending
$844,013
Spent on programs
78%
Reserves
-1.2 months of spending
Largest source of income
fees for its services, 53%
Employees
36
Volunteers
200
Highest pay
$44,321, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 40 out of 100.

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    10 of 20

    It owes 36% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 16% of income.

  • Income trend

    15 of 15

    Income rose 14% on the year before.

  • Spending floor

    15 of 15

    78% of spending went to programs and raising each dollar of donations cost 12 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 63 out of 100.

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no 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.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 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 December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

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

Programs described in its return (1)
  1. $658,112 spent. YEAR ROUND SMALL PROFESSIONAL THEATER SERVING 18,000+ PATRONS ANNUALLY THROUGH THE WORK OF 7.5 FTE EMPLOYEES, 40 PART TIME AND TEMPORARY EMPLOYEES/CONTRACTORS/ARTISTS AND 400+ VOLUNTEERS. KEY CITY PUBLIC THEATRE EXPERIENCED ITS SECOND FULL YEAR OF OPERATIONS IN 2024 AFTER THE THEATRE RE-OPENED TO IN-PERSON PROGRAMMING WITH AN ABBREVIATED SEASON IN LATE SPRING 2022. CONTINUED AUDIENCE HESITANCY POST-COVID DURING 2024 RESULTED IN A FIFTH YEAR OF REDUCED EARNED REVENUE OVER NORMAL OPERATIONAL YEARS. EDUCATION PROGRAMS CONTINUE TO HAVE A STRONGHOLD IN EARNINGS WITH GROWTH IN PARTICIPATION THROUGHOUT 2024. ARTISTICALLY, KCPT WAS RECOGNIZED WITH 10 NOMINATIONS AND 3 AWARDS FOR ARTISTIC EXCELLENCE AMONG PROFESSIONAL THEATERS OF THE PUGET SOUND IN THE SOUND ON STAGE THEATRE AWARDS, INCLUDING BEST THEATRE EXPERIENCE FOR THE 2023-24 SEASON.IN FIRST AND SECOND QUARTERS OF 2022, KCPT COMPLETED A MAJOR FACILITY RENOVATION FOCUSED ON COVID-19 PROTOCOL COMPLIANCE AND OTHER SAFE AND SANITARY UPGRADES INCLUDING HVAC, AIR FILTRATION, AND VENTILATION SYSTEMS, TOUCH-FREE RESTROOM FIXTURES AND CONFIGURATION OF CRAMPED SPACES FOR IMPROVED PATRON AND EMPLOYEE SAFETY/ADA COMPLIANCE/COVID GUIDELINES AND WORKFLOW. A TOTAL OF $600,000 WAS EXPENDED TO IMPROVE THE VENUE AND CREATE A PREMIER EXPERIENCE.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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.

  2. 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.

  3. 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.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 1963.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. 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.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.