Albert Lea Community Theater Inc

Analysis

Albert Lea Community Theater Inc is a registered charity in United States, based in Albert Lea, MN. It received its IRS tax-exemption ruling in October 1966, 60 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, Albert Lea Community Theater Inc reported income of $159k and spending of $200k, spending 126% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $206k to $159k (-23%), an average of -6.2% a year. The sharpest change came in the year to July 2022, when income rose by 1145%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albert Lea Community Theater Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include Pier One Theatre Inc ($159k), Alliance Francaise de LA Riviera Californienne Inc ($159k) and Torrance Chinese School ($159k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 7.1% and program service revenue 83% of the total. At year end it held assets of $311k against liabilities of $2,570, net assets of $309k.