Lemars Community Theatre Inc

Analysis

Lemars Community Theatre Inc is a registered charity in United States, based in Le Mars, IA. It received its IRS tax-exemption ruling in March 1981, 45 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, Lemars Community Theatre Inc reported income of $62k and spending of $59k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $62k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lemars Community Theatre Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within IA. Charities of a similar size with the same main cause include Colorado Authors Hall of Fame ($62k), Departure Arts Inc ($62k) and Washington Wine and Cheese Seminar ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. At year end it held assets of $180k against liabilities of $0, net assets of $180k.