Sandusky State Theater Inc

Analysis

Sandusky State Theater Inc is a registered charity in United States, based in Sandusky, OH. It received its IRS tax-exemption ruling in April 1988, 38 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, Sandusky State Theater Inc reported income of $4.9m and spending of $806k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $999k to $4.9m (+395%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 364%. Over the whole period it spent 13% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sandusky State Theater Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Sharewell ($4.9m), Stirling Harbor Foundation Inc ($4.9m) and St George Music Theater Company ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $89k (11% of expenses). Other salaries and wages came to $190k. At year end it held assets of $34.8m against liabilities of $4.6m, net assets of $30.2m. It reported 4 employees.