Grand Theater Foundation

Analysis

Grand Theater Foundation is a registered charity in United States, based in Knoxville, IA. It received its IRS tax-exemption ruling in December 2025. 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 2020, Grand Theater Foundation reported income of $143k and spending of $163k, spending 114% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $286k to $143k (-50%), an average of -50% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grand Theater Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IA. Charities of a similar size with the same main cause include Factory Street Studio & Moving Parts Inc ($143k), Sayreville Main Street Players Ltd ($143k) and St Peter and Paul Heritage Association ($143k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $24k (15% of expenses). Other salaries and wages came to $16k. At year end it held assets of $541k against liabilities of $14k, net assets of $527k. It reported 16 employees.