Salem Community Theater

Analysis

Salem Community Theater is a registered charity in United States, based in Salem, OH. It received its IRS tax-exemption ruling in September 2023, 3 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 August 2024, Salem Community Theater reported income of $96k and spending of $74k, leaving 23% of income unspent that year. Across the 5 years on record, from August 2020 to August 2024, income grew from $67k to $96k (+44%), an average of +9.6% a year. The sharpest change came in the year to August 2022, when income rose by 261%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salem Community Theater sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within OH. Charities of a similar size with the same main cause include Old Spanish Trail Association ($96k), Berlin & Beyond Inc ($96k) and Vienna Community Arts ($96k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 16% and program service revenue 76% of the total. At year end it held assets of $180k against liabilities of $0, net assets of $180k.