Little Theatre on the Square Inc

Analysis

Little Theatre on the Square Inc is a registered charity in United States, based in Sullivan, IL. It received its IRS tax-exemption ruling in January 2023, 3 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 October 2023, Little Theatre on the Square Inc reported income of $1.6m and spending of $1.7m, spending 107% of what it took in. Across the 6 years on record, from October 2017 to October 2023, income grew from $1.3m to $1.6m (+19%), an average of +3.5% a year. The sharpest change came in the year to October 2023, when income rose by 36%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Little Theatre on the Square Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Sandy Spring Museum Inc ($1.6m), Samsat ($1.6m) and Orient Land Trust ($1.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $111k (6.5% of expenses). Other salaries and wages came to $776k. At year end it held assets of $411k against liabilities of $1.2m, net assets of -$743k. It reported 117 employees.