Strand Theatre Preservation Society

Analysis

Strand Theatre Preservation Society is a registered charity in United States, based in Moundsville, WV. It received its IRS tax-exemption ruling in May 2002, 24 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, Strand Theatre Preservation Society reported income of $156k and spending of $125k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $110k to $156k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 169%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Strand Theatre Preservation Society sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within WV. Charities of a similar size with the same main cause include District One Community Education Center Inc ($156k), Anonymous Press Inc ($156k) and Taos Opera Institute ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 28% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.