The Point Theater Inc

Analysis

The Point Theater Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in November 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 December 2023, The Point Theater Inc reported income of $398k and spending of $357k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $386k to $398k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Point Theater Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Classical Recording Foundation Inc ($398k), Opera Louisiane Inc ($398k) and Maude I Kerns Art Center ($398k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $65k (18% of expenses). At year end it held assets of $405k against liabilities of $0, net assets of $405k. It reported 16 employees.