Rome Community Theater Inc

Analysis

Rome Community Theater Inc is a registered charity in United States, based in Rome, NY. It received its IRS tax-exemption ruling in January 1957, 69 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 June 2023, Rome Community Theater Inc reported income of $56k and spending of $60k, spending 108% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income grew from $44k to $56k (+26%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 141%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rome Community Theater Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Greater Denver Area Gem and Mineral Council ($56k), New Wave Dance Youth and Community Development Inc ($56k) and Delaware Canal 21 ($56k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. At year end it held assets of $586k against liabilities of $0, net assets of $586k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.