Cove Community Theater

Analysis

Cove Community Theater is a registered charity in United States, based in Loysburg, PA. It received its IRS tax-exemption ruling in January 2009, 17 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 September 2023, Cove Community Theater reported income of $70k and spending of $52k, leaving 26% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $62k to $70k (+14%), an average of +4.5% a year. The sharpest change came in the year to September 2023, when income rose by 60%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cove Community Theater sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Ocean Springs Education Foundation ($70k), Concord Orchestra Inc ($70k) and New Stage Theatre Company Inc ($70k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 43% of the total. At year end it held assets of $84k against liabilities of $2,908, net assets of $81k.