Kankakee Valley Theatre Assn

Analysis

Kankakee Valley Theatre Assn is a registered charity in United States, based in Kankakee, IL. It received its IRS tax-exemption ruling in May 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 May 2024, Kankakee Valley Theatre Assn reported income of $225k and spending of $203k, spending 90% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $194k to $225k (+16%), an average of +7.8% a year. The sharpest change came in the year to May 2024, when income rose by 26%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kankakee Valley Theatre Assn sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Longmont Theatre Company ($225k), Lexington Art League Inc ($225k) and Marthas Vineyard Art Assn Inc ($225k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 27% and program service revenue 64% of the total. At year end it held assets of $477k against liabilities of $9,450, net assets of $467k.