Redlands Theatre Festival Inc

Analysis

Redlands Theatre Festival Inc is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in May 1985, 41 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 October 2023, Redlands Theatre Festival Inc reported income of $63k and spending of $93k, spending 147% of what it took in. Across the 2 years on record, from October 2022 to October 2023, income fell from $133k to $63k (-52%), an average of -52% a year. The sharpest change came in the year to October 2023, when income dropped by 52%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Redlands Theatre Festival Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Korean War Memorial Society ($63k), Vermont Ballet Theater Inc ($63k) and Marine Studies Consortium ($63k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.