Winchester Little Theatre Incorporated

Analysis

Winchester Little Theatre Incorporated is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in May 1937, 89 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 2023, Winchester Little Theatre Incorporated reported income of $213k and spending of $235k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $345k to $213k (-38%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 192%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Winchester Little Theatre Incorporated sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Living City Project ($213k), Iowa Rock N Roll Music Asociation Inc ($213k) and Destination Crenshaw Support Foundation ($213k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 67% of the total. Other salaries and wages came to $34k. At year end it held assets of $1.6m against liabilities of $184k, net assets of $1.4m. It reported 2 employees.