Historic Desoto Theatre Foundation Inc

Analysis

Historic Desoto Theatre Foundation Inc is a registered charity in United States, based in Rome, GA. It received its IRS tax-exemption ruling in January 2010, 16 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 (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, Historic Desoto Theatre Foundation Inc reported income of $441k and spending of $134k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $441k (+196%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 373%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Desoto Theatre Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within GA. Charities of a similar size with the same main cause include Plymouth Guild Inc ($441k), Wonderfeet Kids Museum ($441k) and Center for American Culture and Ideas ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $1.4m against liabilities of $92k, net assets of $1.3m.