Red Oak Grand Theatre Inc

Analysis

Red Oak Grand Theatre Inc is a registered charity in United States, based in Red Oak, IA. It received its IRS tax-exemption ruling in December 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, Red Oak Grand Theatre Inc reported income of $191k and spending of $80k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $191k (-9.1%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Oak Grand Theatre Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IA. Charities of a similar size with the same main cause include Arete Living Arts Foundation ($191k), Chinese Free Masons Athletic Club Inc ($191k) and Northwest Dance Network ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $1.5m against liabilities of $5,565, net assets of $1.5m.