Sioux City Community Theater

Analysis

Sioux City Community Theater is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in April 2018, 8 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 July 2023, Sioux City Community Theater reported income of $116k and spending of $182k, spending 158% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $108k to $116k (+7.0%), an average of +2.3% a year. The sharpest change came in the year to July 2022, when income rose by 147%. Over the whole period it spent 133% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sioux City Community Theater sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within IA. Charities of a similar size with the same main cause include Cape Cod Writers Center Inc ($116k), William Augustus Bowles Museum Andhistorical Foundation Inc ($116k) and American Music Festival of Sag Harbor ($116k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 13% and program service revenue 74% of the total. At year end it held assets of $398k against liabilities of $198, net assets of $398k.

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.