Tavares Theater Company

Analysis

Tavares Theater Company is a registered charity in United States, based in Tavares, FL. It received its IRS tax-exemption ruling in October 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, Tavares Theater Company reported income of $88k and spending of $43k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $88k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tavares Theater Company sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Texas Tennis Museum & Hall of Fame ($88k), Forte Theatre Company Inc ($88k) and Nevada Veterans Memorial Plaza ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. At year end it held assets of $499k against liabilities of $240k, net assets of $259k.