Swift Creek Mill Theatre Inc

Analysis

Swift Creek Mill Theatre Inc is a registered charity in United States, based in Colonial HGTS, VA. It received its IRS tax-exemption ruling in June 2001, 25 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 June 2023, Swift Creek Mill Theatre Inc reported income of $1.0m and spending of $1.3m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.0m (-17%), an average of -4.4% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Swift Creek Mill 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 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Miami Theater Center Inc ($1.0m), Manzanita House ($1.0m) and North Carolina Folk Festival ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $135k (10% of expenses). Other salaries and wages came to $505k. At year end it held assets of $191k against liabilities of $226k, net assets of -$35k. It reported 31 employees.