Salina Community Theatre Inc

Analysis

Salina Community Theatre Inc is a registered charity in United States, based in Salina, KS. It received its IRS tax-exemption ruling in May 1962, 64 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, Salina Community Theatre Inc reported income of $994k and spending of $1.1m, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $923k to $994k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to August 2021, when income rose by 26%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salina Community Theatre Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KS. Charities of a similar size with the same main cause include Pyramid Atlantic Inc ($994k), Idaho Heritage Trust Incorporated ($994k) and Bimini Biological Field Station Foundation Inc ($994k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $114k (10% of expenses). Other salaries and wages came to $322k. At year end it held assets of $4.7m against liabilities of $196k, net assets of $4.5m. It reported 12 employees.