Fremont Community Theater and Literary Society

Analysis

Fremont Community Theater and Literary Society is a registered charity in United States, based in Fremont, OH. It received its IRS tax-exemption ruling in April 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Fremont Community Theater and Literary Society reported income of $62k and spending of $46k, leaving 25% of income unspent that year. Across the 4 years on record, from May 2019 to May 2023, income fell from $67k to $62k (-8.0%), an average of -2.7% a year. The sharpest change came in the year to May 2022, when income rose by 83%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fremont Community Theater and Literary Society sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within OH. Charities of a similar size with the same main cause include Historic Vevay Inc ($62k), Serve Syracuse Inc ($62k) and Virginia Congress of Parents and Teachers ($62k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 32% and program service revenue 55% of the total. At year end it held assets of $371k against liabilities of $0, net assets of $371k.