Great River Educational Arts Theatre

Analysis

Great River Educational Arts Theatre is a registered charity in United States, based in Waite Park, MN. It received its IRS tax-exemption ruling in December 2000, 26 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 August 2023, Great River Educational Arts Theatre reported income of $1.6m and spending of $2.2m, spending 136% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $1.6m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to August 2022, when income rose by 109%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Great River Educational Arts Theatre sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Lakeview Cemetery Foundation ($1.6m), Mama Foundation for the Arts Inc ($1.6m) and Fox-Wolf Watershed Alliance Inc ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $110k (4.9% of expenses). Other salaries and wages came to $621k. At year end it held assets of $1.5m against liabilities of $975k, net assets of $500k. It reported 32 employees.