American Association of Community Theatre

Analysis

American Association of Community Theatre is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in May 1987, 39 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, American Association of Community Theatre reported income of $870k and spending of $743k, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $738k to $870k (+18%), an average of +4.2% a year. The sharpest change came in the year to August 2023, when income rose by 28%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Association of Community Theatre sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include Monmouth County Arts Council Inc ($870k), History Museum on the Square Inc ($870k) and Childrens Museum of Oak Ridge ($870k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $83k (11% of expenses). Other salaries and wages came to $155k. At year end it held assets of $1.7m against liabilities of $348k, net assets of $1.4m. It reported 6 employees.