Salem Community Theatre & Cultural Center Inc

Analysis

Salem Community Theatre & Cultural Center Inc is a registered charity in United States, based in Salem, IL. It received its IRS tax-exemption ruling in October 2001, 25 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 April 2024, Salem Community Theatre & Cultural Center Inc reported income of $76k and spending of $72k, spending 94% of its income. Across the 2 years on record, from April 2023 to April 2024, income fell from $89k to $76k (-15%), an average of -14% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salem Community Theatre & Cultural Center Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within IL. Charities of a similar size with the same main cause include Parable Fund ($76k), Masterworks Chorale ($76k) and Glenwood Springs Summer of Music Inc ($76k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $391k against liabilities of $713, net assets of $390k.