Norton Theater Association Inc

Analysis

Norton Theater Association Inc is a registered charity in United States, based in Norton, KS. It received its IRS tax-exemption ruling in November 1994, 32 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, Norton Theater Association Inc reported income of $67k and spending of $81k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $67k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Norton Theater Association Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within KS. Charities of a similar size with the same main cause include Transparent Watercolor Society of America ($67k), Chicago Cabaret Professionals ($67k) and Music at the Mission ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $354k against liabilities of $2,210, net assets of $352k.