Starstruck Theatre Inc

Analysis

Starstruck Theatre Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in June 2014, 12 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, Starstruck Theatre Inc reported income of $51k and spending of $109k, spending 216% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $507k to $51k (-90%), an average of -44% a year. The sharpest change came in the year to December 2022, when income rose by 395%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Starstruck Theatre Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include Ragamuffin Theatre & Company Inc ($50k), Fort Smith Street Car Restoration Association Inc ($51k) and Flatwater Shakespeare Company ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 125% of the total. At year end it held assets of $3.1m against liabilities of $473k, net assets of $2.6m.