Southern Appalachian Repertory Theatre

Analysis

Southern Appalachian Repertory Theatre is a registered charity in United States, based in Mars Hill, NC. It received its IRS tax-exemption ruling in March 2003, 23 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 December 2023, Southern Appalachian Repertory Theatre reported income of $189k and spending of $177k, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $324k to $189k (-42%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southern Appalachian Repertory Theatre sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Surati for Performing Arts Inc ($189k), Shep Ty ($189k) and Ives Torres Foundation ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 51% of the total. At year end it held assets of $7,200 against liabilities of $30k, net assets of -$23k.