Grand Marais Playhouse Inc

Analysis

Grand Marais Playhouse Inc is a registered charity in United States, based in Grand Marais, MN. It received its IRS tax-exemption ruling in June 1977, 49 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, Grand Marais Playhouse Inc reported income of $196k and spending of $147k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $165k to $196k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grand Marais Playhouse Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Scituate Library Foundation Inc ($196k), The Society for the Preservation of the Masonic Temple ($196k) and The Frank M Johnson Jr Institute ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 22% of the total. At year end it held assets of $178k against liabilities of $1,819, net assets of $177k.