Colonial Theater Inc

Analysis

Colonial Theater Inc is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in July 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, Colonial Theater Inc reported income of $91k and spending of $96k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $79k to $91k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2020, when income rose by 166%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colonial Theater Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 27th percentile within ME. Charities of a similar size with the same main cause include Telluride and Mountain Village Media Foundation Inc ($91k), Contra Costa County Fair Heritage Foundation Inc ($91k) and Scene-N-Action Productions Company Inc ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $30k (31% of expenses). Other salaries and wages came to $37k. At year end it held assets of $1.3m against liabilities of $135k, net assets of $1.1m. It reported 2 employees.