Grand Island Little Theatre Inc

Analysis

Grand Island Little Theatre Inc is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in August 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending May 2023, Grand Island Little Theatre Inc reported income of $101k and spending of $123k, spending 121% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $87k to $101k (+16%), an average of +5.1% a year. The sharpest change came in the year to May 2022, when income rose by 39%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Island Little Theatre Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NE. Charities of a similar size with the same main cause include PTA New York Congress ($101k), Manoa School Association of Parents and Teachers ($101k) and East Burke Volunteer Fire Brigade ($101k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 22% and program service revenue 70% of the total. Other salaries and wages came to $20k. At year end it held assets of $699k against liabilities of $3,064, net assets of $696k. It reported 1 employees.

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.