State Theatre Center for the Arts Inc

Analysis

State Theatre Center for the Arts Inc is a registered charity in United States, based in Easton, PA. It received its IRS tax-exemption ruling in October 1985, 41 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 May 2024, State Theatre Center for the Arts Inc reported income of $3.8m and spending of $4.5m, spending 119% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $3.8m to $3.8m (+1.2%), an average of +0.3% a year. The sharpest change came in the year to May 2022, when income rose by 108%. Over the whole period it spent 99% 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 Theatre Center for the Arts Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Foundation of Palm Springs Unified School District ($3.8m), Cityside Journalism Initiative ($3.8m) and Birthplace of Country Music Inc ($3.8m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 29% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $190k (4.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.9m against liabilities of $1.7m, net assets of $6.2m. It reported 153 employees.