Sierra Community Theatre

Analysis

Sierra Community Theatre is a registered charity in United States, based in Jefferson, IA. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sierra Community Theatre reported income of $139k and spending of $125k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $180k to $139k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sierra Community Theatre sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within IA. Charities of a similar size with the same main cause include Historic St Andrews Waterfront Partnership Inc ($139k), Making Music Matter Foundation ($139k) and Cocoa Beach Art Show Inc ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 31% of the total. At year end it held assets of $286k against liabilities of $861, net assets of $285k.