Save the Grand Theatre Inc

Analysis

Save the Grand Theatre Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in February 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Save the Grand Theatre Inc reported income of $990k and spending of $718k, leaving 27% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income fell from $1.1m to $990k (-10.0%), an average of -2.6% a year. The sharpest change came in the year to May 2021, when income dropped by 46%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Save the Grand 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 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include Museum at Belcourt Inc ($990k), Video Veracity Inc ($990k) and Theatre of the Republic Inc ($990k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 12% and program service revenue 42% of the total. Other salaries and wages came to $80k. At year end it held assets of $5.3m against liabilities of $1.2m, net assets of $4.1m. It reported 3 employees.