Verona Area Community Theater Inc

Analysis

Verona Area Community Theater Inc is a registered charity in United States, based in Verona, WI. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Verona Area Community Theater Inc reported income of $457k and spending of $452k, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $427k to $457k (+7.1%), an average of +1.7% a year. The sharpest change came in the year to September 2022, when income rose by 112%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Verona Area Community Theater Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within WI. Charities of a similar size with the same main cause include Post Playhouse Inc ($457k), Sacramento Choral Society and Orchestra ($457k) and Pavek Museum ($457k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Other salaries and wages came to $69k. At year end it held assets of $2.4m against liabilities of $49k, net assets of $2.3m.