State Street Theater Co

Analysis

State Street Theater Co is a registered charity in United States, based in New Ulm, MN. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, State Street Theater Co reported income of $518k and spending of $328k, leaving 37% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $220k to $518k (+136%), an average of +24% a year. The sharpest change came in the year to May 2022, when income rose by 301%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, State Street Theater Co 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 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Texas Maritime Museum Association Inc ($517k), Safer Society Foundation Inc ($518k) and Taikoproject ($517k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 75% and program service revenue 24% of the total. Other salaries and wages came to $75k. At year end it held assets of $1.3m against liabilities of -$205, net assets of $1.3m. It reported 7 employees.