Lexington Youth Theatre Inc

Analysis

Lexington Youth Theatre Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in July 2007, 19 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 May 2024, Lexington Youth Theatre Inc reported income of $92k and spending of $94k, spending 101% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $102k to $92k (-9.5%), an average of -9.5% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lexington Youth Theatre Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Marigold Arts Development Inc ($92k), Association of California Caregiver Resource Centers ($92k) and Weekend of Chamber Music Inc ($92k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 26% and program service revenue 72% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.