Little Theatre of Winston-Salem Inc

Analysis

Little Theatre of Winston-Salem Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in August 1951, 75 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 June 2023, Little Theatre of Winston-Salem Inc reported income of $544k and spending of $461k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $460k to $544k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 54%. 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, Little Theatre of Winston-Salem Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Joint Civic Committee of Italian Americans ($544k), New Mexico Holocaust Museum and Gellert Center for Education ($544k) and Muntu Dance Theatre ($543k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $34k (7.5% of expenses). Other salaries and wages came to $110k. At year end it held assets of $1.1m against liabilities of $151k, net assets of $999k. It reported 11 employees.