Historic Fayette Theater

Analysis

Historic Fayette Theater is a registered charity in United States, based in Fayetteville, WV. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Fayette Theater reported income of $102k and spending of $75k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $102k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 64% 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 Fayette Theater sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within WV. Charities of a similar size with the same main cause include North Carolina Rice Festival Inc ($102k), Los Angeles Womens Theatre Festival ($102k) and Monkey House Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 53% of the total. At year end it held assets of $246k against liabilities of $0, net assets of $246k.