Old Town Playhouse Inc

Analysis

Old Town Playhouse Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in July 1977, 49 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, Old Town Playhouse Inc reported income of $854k and spending of $920k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $561k to $854k (+52%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 108%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Town Playhouse Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include First City Arts Alliance Inc ($854k), Camelot Theatre Company ($854k) and Dancefx ($853k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $74k (8.0% of expenses). Other salaries and wages came to $301k. At year end it held assets of $1.4m against liabilities of $134k, net assets of $1.3m. It reported 44 employees.