Sunset Community Theatre Inc

Analysis

Sunset Community Theatre Inc is a registered charity in United States, based in Sumner, IA. It received its IRS tax-exemption ruling in May 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Sunset Community Theatre Inc reported income of $121k and spending of $177k, spending 146% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income fell from $181k to $121k (-33%), an average of -7.7% a year. The sharpest change came in the year to March 2022, when income rose by 1175%. Over the whole period it spent 134% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sunset Community Theatre Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within IA. Charities of a similar size with the same main cause include Northshore Concert Band ($121k), Halcyon Music Festival Inc ($121k) and Dnangels ($121k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Other salaries and wages came to $47k. At year end it held assets of $235k against liabilities of $28k, net assets of $208k. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.