Hendersonville Theatre

Analysis

Hendersonville Theatre is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in June 1969, 57 years ago. 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, Hendersonville Theatre reported income of $210k and spending of $269k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $161k to $210k (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 249%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hendersonville Theatre sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Ka Ipu Makani Cultural Heritage Center ($210k), Mental Health Association of Mercer County ($210k) and Fishinko Payee Services ($210k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 79% of the total. At year end it held assets of $687k against liabilities of $113k, net assets of $575k. It reported 2 employees.