Needham Community Theatre Incorporated

Analysis

Needham Community Theatre Incorporated is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in April 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 June 2023, Needham Community Theatre Incorporated reported income of $128k and spending of $83k, leaving 35% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $26k to $128k (+394%), an average of +394% a year. The sharpest change came in the year to June 2023, when income rose by 394%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Needham Community Theatre Incorporated 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 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Greeley Blues Jam ($128k), Pilot Light Incorporated ($128k) and Labyrinth Choir ($128k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 82% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.