Little Theatre of Owatonna Inc

Analysis

Little Theatre of Owatonna Inc is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in March 1978, 48 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 July 2023, Little Theatre of Owatonna Inc reported income of $127k and spending of $120k, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $191k to $127k (-34%), an average of -9.7% a year. The sharpest change came in the year to July 2022, when income rose by 124%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Little Theatre of Owatonna Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Innerrhythms Inc ($127k), Art Shanty Projects ($127k) and Non Plus Ultra ($127k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $7,604 (6.3% of expenses). At year end it held assets of $287k against liabilities of $8,826, net assets of $278k. It reported 1 employees.