Kearney Community Theatre

Analysis

Kearney Community Theatre is a registered charity in United States, based in Kearney, NE. It received its IRS tax-exemption ruling in September 1978, 48 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 August 2023, Kearney Community Theatre reported income of $185k and spending of $224k, spending 121% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $220k to $185k (-16%), an average of -4.3% a year. The sharpest change came in the year to August 2021, when income rose by 24%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kearney Community Theatre sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NE. Charities of a similar size with the same main cause include Sun Prairie Civic Theatre ($185k), Cadiz Community Arts Center Inc ($185k) and Gods Grace Ministry ($185k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 51% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $48k (21% of expenses). At year end it held assets of $567k against liabilities of $140k, net assets of $427k. It reported 4 employees.