Gem Theater Cultural and Performing Arts Center Inc

Analysis

Gem Theater Cultural and Performing Arts Center Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 April 2024, Gem Theater Cultural and Performing Arts Center Inc reported income of $181k and spending of $160k, spending 88% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $268k to $181k (-32%), an average of -9.3% a year. The sharpest change came in the year to April 2024, when income rose by 346%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gem Theater Cultural and Performing Arts Center Inc 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 52nd percentile, and in the 49th percentile within MO. Charities of a similar size with the same main cause include Clarksville Association of Realtors Spreading Our Support Foundation ($181k), MVP Foundation ($182k) and Olivias Gift Inc ($181k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.