Associates to Restore the Temple Theatre Ltd

Analysis

Associates to Restore the Temple Theatre Ltd is a registered charity in United States, based in Viroqua, WI. It received its IRS tax-exemption ruling in March 2024, 2 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 August 2023, Associates to Restore the Temple Theatre Ltd reported income of $249k and spending of $367k, spending 147% of what it took in. Across the 6 years on record, from August 2018 to August 2023, income grew from $119k to $249k (+110%), an average of +16% a year. The sharpest change came in the year to August 2023, when income rose by 288%. Over the whole period it spent 160% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Associates to Restore the Temple Theatre Ltd sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within WI. Charities of a similar size with the same main cause include San Diego Guild of Puppetry ($249k), Suzanna Cohen Legacy Foundation ($249k) and Boston Dance Theater ($249k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $21k (5.6% of expenses). At year end it held assets of $1.0m against liabilities of $51k, net assets of $966k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.