Webster City Community Theatre

Analysis

Webster City Community Theatre is a registered charity in United States, based in Webster City, IA. It received its IRS tax-exemption ruling in April 1986, 40 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, Webster City Community Theatre reported income of $169k and spending of $64k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $47k to $169k (+260%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 248%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Webster City Community Theatre sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include North Fort Worth Historical Society ($169k), Project Music Heals US Inc ($169k) and Tri-Motor Heritage Foundation ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 22% of the total. At year end it held assets of $658k against liabilities of $0, net assets of $658k.