Northern Star Theatre Company

Analysis

Northern Star Theatre Company is a registered charity in United States, based in Rice Lake, WI. It received its IRS tax-exemption ruling in December 1999, 27 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 December 2023, Northern Star Theatre Company reported income of $66k and spending of $133k, spending 202% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $355k to $66k (-81%), an average of -34% a year. The sharpest change came in the year to December 2021, when income dropped by 69%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northern Star Theatre Company sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within WI. Charities of a similar size with the same main cause include Puget Sound Navy Museum Foundation ($66k), Performing Arts Patrons Association Inc ($66k) and Perrysburg Area Historic Museum ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 35% of the total. At year end it held assets of $1.4m against liabilities of $850k, net assets of $508k.

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.