Waldo Theater Inc

Analysis

Waldo Theater Inc is a registered charity in United States, based in Waldoboro, ME. It received its IRS tax-exemption ruling in December 2014, 12 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 December 2023, Waldo Theater Inc reported income of $488k and spending of $516k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $139k to $488k (+252%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waldo Theater Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within ME. Charities of a similar size with the same main cause include Norwalk Symphony Society ($488k), Historic Manassas Inc ($488k) and Art Theatre of Long Beach ($488k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $65k (13% of expenses). At year end it held assets of $1.0m against liabilities of $193k, net assets of $830k. It reported 4 employees.