Oconee Community Theater Inc

Analysis

Oconee Community Theater Inc is a registered charity in United States, based in Seneca, SC. It received its IRS tax-exemption ruling in August 1979, 47 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Oconee Community Theater Inc reported income of $97k and spending of $162k, spending 166% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $42k to $97k (+132%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 94%. Over the whole period it spent 229% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oconee Community Theater Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 42nd percentile within SC. Charities of a similar size with the same main cause include Hiilani O Ke Kai Outrigger and Cultural Center ($97k), Trenton Museum Society ($97k) and Jewish Theatre Grand Rapids ($97k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.2% and program service revenue 42% of the total. At year end it held assets of $497k against liabilities of $6,405, net assets of $491k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.