Corn Stock Theatre

Analysis

Corn Stock Theatre is a registered charity in United States, based in West Peoria, IL. It received its IRS tax-exemption ruling in January 1959, 67 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, Corn Stock Theatre reported income of $440k and spending of $553k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $458k to $440k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 196%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Corn Stock Theatre sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Inside the Orchestra Inc ($440k), Friends of the Paragon Carousel Inc ($440k) and Santa Monica Arts Parents Association ($440k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 68% of the total. Other salaries and wages came to $141k. At year end it held assets of $1.0m against liabilities of $13k, net assets of $1.0m. It reported 69 employees.