State Theater of Modesto Inc

Analysis

State Theater of Modesto Inc is a registered charity in United States, based in Modesto, CA. 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 June 2023, State Theater of Modesto Inc reported income of $1.8m and spending of $1.3m, leaving 28% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $1.8m (+8.6%), an average of +2.8% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 75% 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 Theater of Modesto Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Kuumba Lynx ($1.8m), Arts Council of Greater New Haven Inc ($1.8m) and DHHRM Endowment Foundation Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 45% of the total. Other salaries and wages came to $410k. At year end it held assets of $4.0m against liabilities of $527k, net assets of $3.5m.