Urbanite Theatre Inc

Analysis

Urbanite Theatre Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Urbanite Theatre Inc reported income of $809k and spending of $864k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $604k to $809k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 205%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Urbanite Theatre Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Apostolic Christian Ministries ($809k), Young Womens Christian Association of New Orleans ($809k) and V N a - Community Services ($809k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $113k (13% of expenses). Other salaries and wages came to $212k. At year end it held assets of $616k against liabilities of $104k, net assets of $512k. It reported 9 employees.