Gainesville Little Theatre Inc

Analysis

Gainesville Little Theatre Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in March 1969, 57 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 June 2023, Gainesville Little Theatre Inc reported income of $289k and spending of $329k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $236k to $289k (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2020, when income rose by 48%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gainesville Little Theatre Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Open Center for the Arts ($289k), Carolina Teachers of English to Speakers of Other Languages ($289k) and All the Worlds a Stage ($289k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 60% of the total. Other salaries and wages came to $7,780. At year end it held assets of $1.4m against liabilities of $138, net assets of $1.4m. It reported 3 employees.