President Theatre Inc

Analysis

President Theatre Inc is a registered charity in United States, based in Manchester, GA. It received its IRS tax-exemption ruling in January 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, President Theatre Inc reported income of $72k and spending of $108k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $27k to $72k (+168%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 158%. Over the whole period it spent 130% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, President Theatre Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within GA. Charities of a similar size with the same main cause include Glcac Support Corporation ($72k), Southwest Michigan Millwright Contractors Industrial Fund Inc ($72k) and Ouzinkie Community Holding Corporation ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Other salaries and wages came to $14k. At year end it held assets of $975k against liabilities of $314, net assets of $975k. 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.