Ankeny Community Theatre Ltd

Analysis

Ankeny Community Theatre Ltd is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Ankeny Community Theatre Ltd reported income of $55k and spending of $58k, spending 105% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $48k to $55k (+15%), an average of +15% a year. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ankeny Community Theatre Ltd sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Constellations Chamber Concerts ($55k), National Association of Multicultur Al Engineering Program Advocates I ($55k) and Incite Shakespeare Company Santa Fe ($55k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 20% and program service revenue 69% of the total. At year end it held assets of $97k against liabilities of $1,234, net assets of $96k.