The Green Room Community Theatre Inc

Analysis

The Green Room Community Theatre Inc is a registered charity in United States, based in Newton, NC. It received its IRS tax-exemption ruling in September 1988, 38 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 2024, The Green Room Community Theatre Inc reported income of $856k and spending of $921k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $865k to $856k (-0.9%), an average of -0.2% a year. The sharpest change came in the year to June 2022, when income rose by 188%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Green Room Community Theatre Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Glenn H Curtiss Museum of Local History Inc ($856k), Grand Boulevard Town Center Arts and Entertainment Association Inc ($856k) and American Center for Mongolian Studies ($855k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 50% of the total. Other salaries and wages came to $292k. At year end it held assets of $4.3m against liabilities of $208k, net assets of $4.1m. It reported 7 employees.