Grand Theatre of Oelwein Inc

Analysis

Grand Theatre of Oelwein Inc is a registered charity in United States, based in Oelwein, IA. It received its IRS tax-exemption ruling in January 2011, 15 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, Grand Theatre of Oelwein Inc reported income of $173k and spending of $169k, spending 98% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $173k to $173k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grand Theatre of Oelwein Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IA. Charities of a similar size with the same main cause include Project Blank ($173k), Cakecutter Institute ($173k) and Camp Creek Antique Machinery and Threshing Association Inc ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 110% of the total. At year end it held assets of $290k against liabilities of $26k, net assets of $264k.