Wabash Area Community Theater Inc

Analysis

Wabash Area Community Theater Inc is a registered charity in United States, based in Wabash, IN. It received its IRS tax-exemption ruling in May 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wabash Area Community Theater Inc reported income of $55k and spending of $59k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $55k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wabash Area Community Theater Inc 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 22nd percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include Fort Mason Artists ($55k), Florida Historic Capitol Foundation Corporation ($55k) and Crosspulse ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 32% of the total. At year end it held assets of $169k against liabilities of $0, net assets of $169k.