Grosse Pointe Theatre Inc

Analysis

Grosse Pointe Theatre Inc is a registered charity in United States, based in Grosse Pointe, MI. It received its IRS tax-exemption ruling in March 1949, 77 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 June 2024, Grosse Pointe Theatre Inc reported income of $777k and spending of $727k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $480k to $777k (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 89%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grosse Pointe Theatre Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include 4 Learning ($776k), Art Center of the Bluegrass Inc ($777k) and Playground Inc ($776k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 55% of the total. Other salaries and wages came to $117k. At year end it held assets of $1.1m against liabilities of $92k, net assets of $969k. It reported 5 employees.