Footlighters

Analysis

Footlighters is a registered charity in United States, based in Newport, KY. It received its IRS tax-exemption ruling in March 1966, 60 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 July 2024, Footlighters reported income of $190k and spending of $170k, spending 90% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $190k to $190k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to July 2022, when income rose by 351%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Footlighters sits at the 58th 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 52nd percentile within KY. Charities of a similar size with the same main cause include Carson Valley Arts Council ($190k), Cinematique of Daytona Inc ($190k) and Centrestage Theatre Company ($190k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 6.4% and program service revenue 90% of the total. At year end it held assets of $630k against liabilities of $38k, net assets of $592k.