Racine Theatre Guild Inc

Analysis

Racine Theatre Guild Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in September 1940, 86 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 2023, Racine Theatre Guild Inc reported income of $743k and spending of $866k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $917k to $743k (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2022, when income rose by 127%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Racine Theatre Guild Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Foundation Music School Inc ($743k), Inliquiddotcom Incorporated ($743k) and Mount Saint Michael Historical Preservation Society ($743k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $130k (15% of expenses). Other salaries and wages came to $112k. At year end it held assets of $1.7m against liabilities of $192k, net assets of $1.5m. It reported 7 employees.