The 1932 Criterion Theatre

Analysis

The 1932 Criterion Theatre is a registered charity in United States, based in Bar Harbor, ME. It received its IRS tax-exemption ruling in September 2007, 19 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, The 1932 Criterion Theatre reported income of $684k and spending of $858k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $684k (-48%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 65%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The 1932 Criterion Theatre sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within ME. Charities of a similar size with the same main cause include Art Works Studio School Inc ($684k), Celebration Productions Corporation ($684k) and Black Heritage Trail of New Hampshire Inc ($684k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 50% of the total. Other salaries and wages came to $224k. At year end it held assets of $3.0m against liabilities of $4,393, net assets of $3.0m. It reported 14 employees.