Little Theatre of Virginia Beach Inc

Analysis

Little Theatre of Virginia Beach Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in September 1969, 57 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, Little Theatre of Virginia Beach Inc reported income of $447k and spending of $278k, leaving 38% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $290k to $447k (+54%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 107%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Little Theatre of Virginia Beach Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Hispanic Women of Springfield ($447k), Upper Peninsula Childrens Museum Inc ($447k) and West Coast Percussion Alliance ($447k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 49% of the total. At year end it held assets of $780k against liabilities of $45k, net assets of $735k.