Oldcastle Productions

Analysis

Oldcastle Productions is a registered charity in United States, based in Bennington, VT. It received its IRS tax-exemption ruling in April 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 December 2023, Oldcastle Productions reported income of $135k and spending of $221k, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $424k to $135k (-68%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oldcastle Productions sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 35th percentile within VT. Charities of a similar size with the same main cause include American Friends of Lacmus Festival Inc ($134k), Carlton Observatory ($135k) and Buffalo Chamber Music Foundation ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 59% of the total. Other salaries and wages came to $99k. At year end it held assets of $620k against liabilities of $129k, net assets of $491k. It reported 8 employees.