Oak Grove Theater Inc

Analysis

Oak Grove Theater Inc is a registered charity in United States, based in Verona, VA. It received its IRS tax-exemption ruling in June 1984, 42 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oak Grove Theater Inc reported income of $52k and spending of $71k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $52k (+4.5%), an average of +4.5% a year. Over the whole period it spent 127% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oak Grove Theater Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Festival Chicano ($52k), Valhallas Mission Force ($52k) and Lets Talk Dementia ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 70% of the total. At year end it held assets of $378k against liabilities of $45k, net assets of $333k.