Good Theater Inc

Analysis

Good Theater Inc is a registered charity in United States, based in Cape Eliz, ME. It received its IRS tax-exemption ruling in April 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 December 2023, Good Theater Inc reported income of $396k and spending of $503k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $553k to $396k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Good Theater Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 61st percentile within ME. Charities of a similar size with the same main cause include Delaware River Mill Society at Stockton ($395k), Ben Franklin Technology Partners Corporation ($396k) and Tamworth Music Festival Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $118k (23% of expenses). Other salaries and wages came to $182k. At year end it held assets of $90k against liabilities of $107k, net assets of -$18k. It reported 49 employees.