Van Wert Civic Theatre Inc

Analysis

Van Wert Civic Theatre Inc is a registered charity in United States, based in Van Wert, OH. It received its IRS tax-exemption ruling in December 2018, 8 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, Van Wert Civic Theatre Inc reported income of $135k and spending of $87k, leaving 35% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $114k to $135k (+19%), an average of +18% a year. The sharpest change came in the year to May 2024, when income rose by 19%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Van Wert Civic Theatre Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include Frederic Remington Art Museum Foundation ($135k), Lee County Arts & Community Center Inc ($135k) and Bond Street Theatre Coalition Ltd ($135k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 42% and program service revenue 55% of the total. At year end it held assets of $409k against liabilities of $0, net assets of $409k.