Ontonagon Theater of Performing Arts Inc

Analysis

Ontonagon Theater of Performing Arts Inc is a registered charity in United States, based in Ontonagon, MI. It received its IRS tax-exemption ruling in April 1998, 28 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 December 2023, Ontonagon Theater of Performing Arts Inc reported income of $102k and spending of $40k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $102k (+144%), an average of +144% a year. The sharpest change came in the year to December 2023, when income rose by 144%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ontonagon Theater of Performing Arts Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include Alessandra Corona Performing Works Ltd ($102k), Monkey House Inc ($102k) and Southeastern Center for Electrical Engineering Education ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. At year end it held assets of $210k against liabilities of $0, net assets of $210k.