Ironwood Theatre Inc

Analysis

Ironwood Theatre Inc is a registered charity in United States, based in Ironwood, MI. It received its IRS tax-exemption ruling in March 1989, 37 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 September 2023, Ironwood Theatre Inc reported income of $305k and spending of $334k, spending 109% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $192k to $305k (+59%), an average of +17% a year. The sharpest change came in the year to September 2023, when income rose by 24%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ironwood Theatre Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Heartland Youth Choir ($305k), Polish Language School Inc ($305k) and Assyrian American Association of San Jose Inc ($305k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $78k (23% of expenses). At year end it held assets of $902k against liabilities of $35k, net assets of $866k. It reported 4 employees.