Smoot Theater Corporation

Analysis

Smoot Theater Corporation is a registered charity in United States, based in Parkersburg, WV. It received its IRS tax-exemption ruling in July 1990, 36 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, Smoot Theater Corporation reported income of $135k and spending of $205k, spending 152% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $187k to $135k (-28%), an average of -6.3% a year. The sharpest change came in the year to December 2021, when income rose by 716%. Over the whole period it spent 123% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Smoot Theater Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within WV. Charities of a similar size with the same main cause include Southside Theatre Guild ($135k), Summit Performance Indianapolis Inc ($135k) and Milwaukee Youth Arts Center Foundation Inc ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 56% of the total. At year end it held assets of $837k against liabilities of -$5,549, net assets of $842k.