Olde Towne Theatre Co Inc

Analysis

Olde Towne Theatre Co Inc is a registered charity in United States, based in Worthing, SD. It received its IRS tax-exemption ruling in March 1990, 36 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Olde Towne Theatre Co Inc reported income of $433k and spending of $456k, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $303k to $433k (+43%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Olde Towne Theatre Co Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within SD. Charities of a similar size with the same main cause include United Way of Walton County ($433k), Dress for Success Tampa Bay Inc ($433k) and Adams County Lutheran Education Association ($433k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $31k (6.7% of expenses). Other salaries and wages came to $80k. At year end it held assets of $186k against liabilities of $110k, net assets of $75k. It reported 26 employees.