Community Theater Inc

Analysis

Community Theater Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in November 1972, 54 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, Community Theater Inc reported income of $420k and spending of $363k, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $350k to $420k (+20%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 261%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Theater Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within AL. Charities of a similar size with the same main cause include Materials Exchange Center for Community Arts ($420k), Riverside Symphony Inc ($420k) and Clancy Works Inc ($419k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $6,000 (1.7% of expenses). Other salaries and wages came to $36k. At year end it held assets of $797k against liabilities of $120k, net assets of $678k. It reported 1 employees.