Cedar Falls Community Theatre Inc

Analysis

Cedar Falls Community Theatre Inc is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in July 1979, 47 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 March 2023, Cedar Falls Community Theatre Inc reported income of $250k and spending of $378k, spending 151% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $306k to $250k (-18%), an average of -6.5% a year. The sharpest change came in the year to March 2023, when income dropped by 29%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cedar Falls Community Theatre Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within IA. Charities of a similar size with the same main cause include Hell in a Handbag Productions ($250k), Theatre Off Jackson ($250k) and Evangelical Press Association Inc ($250k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 30% and program service revenue 61% of the total. Other salaries and wages came to $97k. It paid $6,476 in professional fundraising fees. At year end it held assets of $849k against liabilities of $47k, net assets of $802k. It reported 3 employees.