Ocala Civic Theater Inc

Analysis

Ocala Civic Theater Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in April 1971, 55 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, Ocala Civic Theater Inc reported income of $867k and spending of $1.3m, spending 153% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $867k (-36%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 42%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ocala Civic Theater Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Fundarte Inc ($867k), Artwerks ($867k) and Bangor Symphony Orchestra ($867k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 59% of the total. Other salaries and wages came to $765k. At year end it held assets of $1.5m against liabilities of $690k, net assets of $796k. It reported 17 employees.