State Theater Foundation Inc

Analysis

State Theater Foundation Inc is a registered charity in United States, based in Central City, NE. It received its IRS tax-exemption ruling in May 2015, 11 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 December 2023, State Theater Foundation Inc reported income of $56k and spending of $83k, spending 147% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $75k to $56k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, State Theater Foundation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within NE. Charities of a similar size with the same main cause include Handfuls of Purpose ($56k), Aapl Institute for Education and Research Inc ($56k) and Vietnamese Literary and Artistic Club of the Washington Metro Area ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 55% of the total. At year end it held assets of $327k against liabilities of $38k, net assets of $289k.