Cape Fear Regional Theatre at Fayetteville Inc

Analysis

Cape Fear Regional Theatre at Fayetteville Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in July 1967, 59 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, Cape Fear Regional Theatre at Fayetteville Inc reported income of $3.8m and spending of $1.9m, leaving 49% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $3.8m (+150%), an average of +36% a year. The sharpest change came in the year to June 2022, when income rose by 209%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cape Fear Regional Theatre at Fayetteville Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Carolina Theatre of Durham Inc ($3.8m), Logan County Historical Society Inc ($3.8m) and National Whitetail Deer Education ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 27% of the total. Other salaries and wages came to $860k. At year end it held assets of $13.0m against liabilities of $4.1m, net assets of $8.9m. It reported 33 employees.