Newton Community Theatre Inc

Analysis

Newton Community Theatre Inc is a registered charity in United States, based in Newton, IA. It received its IRS tax-exemption ruling in January 1967, 59 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 May 2024, Newton Community Theatre Inc reported income of $63k and spending of $64k, spending 102% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $90k to $63k (-30%), an average of -30% a year. The sharpest change came in the year to May 2024, when income dropped by 30%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newton Community Theatre Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within IA. Charities of a similar size with the same main cause include Tuscarawas County Center for the Arts ($63k), Northeast Band & Orchestra Parent Organization ($63k) and Seattle Chamber Orchestra ($63k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.