Iowa City Community Theatre

Analysis

Iowa City Community Theatre is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in July 1973, 53 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 2024, Iowa City Community Theatre reported income of $83k and spending of $89k, spending 108% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $70k to $83k (+18%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iowa City Community Theatre sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within IA. Charities of a similar size with the same main cause include Liberty Warbird Association ($83k), Jacobsburg Historical Society ($83k) and Amazing Theatre Company Inc ($83k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 52% of the total. At year end it held assets of $111k against liabilities of $66k, net assets of $45k.