Tipton Community Theatre

Analysis

Tipton Community Theatre is a registered charity in United States, based in Tipton, IN. It received its IRS tax-exemption ruling in August 1994, 32 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 May 2023, Tipton Community Theatre reported income of $102k and spending of $65k, leaving 36% of income unspent that year. Across the 2 years on record, from May 2022 to May 2023, income grew from $75k to $102k (+35%), an average of +35% a year. The sharpest change came in the year to May 2023, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tipton Community Theatre sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within IN. Charities of a similar size with the same main cause include The Friends of the Jacobus Vanderveer House Inc ($102k), Pen Parentis Ltd ($102k) and Kennesaw Museum Foundation Inc ($102k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.