Ringwald Theatre

Analysis

Ringwald Theatre is a registered charity in United States, based in Ferndale, MI. It received its IRS tax-exemption ruling in January 2024, 2 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, Ringwald Theatre reported income of $66k and spending of $71k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $82k to $66k (-20%), an average of -7.2% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ringwald Theatre sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Peace River Quilters Guild Inc ($66k), Society for Creative Anachronism Inc ($66k) and Tampa Hispanic Heritage Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.