Timpanogos Valley Theater Company

Analysis

Timpanogos Valley Theater Company is a registered charity in United States, based in Heber, UT. It received its IRS tax-exemption ruling in October 2005, 21 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, Timpanogos Valley Theater Company reported income of $106k and spending of $98k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $235k to $106k (-55%), an average of -55% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Timpanogos Valley Theater Company sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within UT. Charities of a similar size with the same main cause include Ablevoices ($106k), Art at a Time Like This Inc ($106k) and Stanton Community Foundation ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 57% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.