Capitol Theater Foundation of Burlington Iowa

Analysis

Capitol Theater Foundation of Burlington Iowa is a registered charity in United States, based in Burlington, IA. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Capitol Theater Foundation of Burlington Iowa reported income of $558k and spending of $458k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $558k (+114%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 193%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capitol Theater Foundation of Burlington Iowa sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include Alaska Sports Hall of Fame Inc ($558k), Amaranth Diabetes Foundation Inc ($558k) and Pop-Up Project ($558k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 25% of the total. Other salaries and wages came to $53k. At year end it held assets of $2.5m against liabilities of $697k, net assets of $1.8m. It reported 7 employees.