Gilbert Theater

Analysis

Gilbert Theater is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in August 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Gilbert Theater reported income of $389k and spending of $171k, leaving 56% of income unspent that year. Across the 5 years on record, from June 2019 to June 2024, income grew from $87k to $389k (+346%), an average of +45% a year. The sharpest change came in the year to June 2024, when income rose by 225%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gilbert Theater sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Arte Y Mana Inc ($389k), Villages Philharmonic ($389k) and Thomas Beckett Foundation ($389k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $73k. At year end it held assets of $279k against liabilities of $725, net assets of $278k. It reported 1 employees.