Casino Star Theatre Foundation

Analysis

Casino Star Theatre Foundation is a registered charity in United States, based in Gunnison, UT. It received its IRS tax-exemption ruling in August 2006, 20 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, Casino Star Theatre Foundation reported income of $246k and spending of $237k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $222k to $246k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Casino Star Theatre Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within UT. Charities of a similar size with the same main cause include Salina Baseball Enterprises Inc ($246k), First Light Foundation ($246k) and Chisholm Trail Heritage Center Association ($246k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $9,000 (3.8% of expenses). Other salaries and wages came to $37k. At year end it held assets of $860k against liabilities of $401k, net assets of $459k. It reported 18 employees.