Altoona Community Theatre

Analysis

Altoona Community Theatre is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in July 1966, 60 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, Altoona Community Theatre reported income of $370k and spending of $390k, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $268k to $370k (+38%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 166%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Altoona Community Theatre sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include East Tennessee Historical Society Foundation ($370k), National Automotive and Truck Museum of the United States Inc ($370k) and Grand Valley Public Radio Company ($370k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Other salaries and wages came to $76k. At year end it held assets of $347k against liabilities of $115k, net assets of $232k. It reported 2 employees.