Scit Theater Two Incorporated

Analysis

Scit Theater Two Incorporated is a registered charity in United States, based in Leon, IA. It received its IRS tax-exemption ruling in August 2013, 13 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 December 2023, Scit Theater Two Incorporated reported income of $57k and spending of $58k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $57k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Scit Theater Two Incorporated sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within IA. Charities of a similar size with the same main cause include West Virginia Memorial Day Inc ($57k), Diplatanos Society-Agia Marina Inc ($57k) and Valerian D Trifa Romanian-American Heritage Center ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $72k against liabilities of $5,000, net assets of $67k.