Little Theatre of Gastonia Inc

Analysis

Little Theatre of Gastonia Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in December 1956, 70 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 July 2023, Little Theatre of Gastonia Inc reported income of $120k and spending of $107k, spending 89% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $61k to $120k (+97%), an average of +97% a year. The sharpest change came in the year to July 2023, when income rose by 97%. Over the whole period it spent 89% 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 Gastonia Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include North Carolina Ultrasound Society Incorporated ($120k), Blairstown Live-Arts Inc ($120k) and Amarillo High School Band Parents Association ($120k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 15% and program service revenue 71% of the total. At year end it held assets of $115k against liabilities of $18k, net assets of $98k.