Smithfield Little Theatre Inc

Analysis

Smithfield Little Theatre Inc is a registered charity in United States, based in Smithfield, VA. It received its IRS tax-exemption ruling in February 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, Smithfield Little Theatre Inc reported income of $187k and spending of $166k, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $131k to $187k (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2022, when income rose by 323%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Smithfield Little Theatre Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Waco Cultural Arts Fest ($187k), Riverside Arts Center ($187k) and New Hampshire Telephone Museum ($187k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 76% of the total. At year end it held assets of $958k against liabilities of $0, net assets of $958k.