Raleigh Little Theatre

Analysis

Raleigh Little Theatre is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1946, 80 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, Raleigh Little Theatre reported income of $1.1m and spending of $1.3m, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $1.1m (-3.4%), an average of -1.1% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Raleigh Little Theatre sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Artspace Inc ($1.1m), Ifetayo Cultural Arts Academy Inc ($1.1m) and Eugene Science Center Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $147k (11% of expenses). Other salaries and wages came to $450k. At year end it held assets of $1.6m against liabilities of $342k, net assets of $1.2m. It reported 21 employees.