Gothenburg Community Playhouse Association

Analysis

Gothenburg Community Playhouse Association is a registered charity in United States, based in Gothenburg, NE. It received its IRS tax-exemption ruling in February 1968, 58 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, Gothenburg Community Playhouse Association reported income of $130k and spending of $134k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $201k to $130k (-36%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gothenburg Community Playhouse Association sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NE. Charities of a similar size with the same main cause include Cincinnati Music Theatre ($130k), Sun Valley Opera Company ($130k) and Haddam Civic League LLC ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Other salaries and wages came to $24k. At year end it held assets of $408k against liabilities of $1,185, net assets of $407k. It reported 1 employees.