Asheville Community Theatre Inc

Analysis

Asheville Community Theatre Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Asheville Community Theatre Inc reported income of $936k and spending of $1.1m, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.1m to $936k (-16%), an average of -4.1% a year. The sharpest change came in the year to August 2023, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asheville Community Theatre Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Cincinnati Chamber Orchestra Inc ($935k), Santa Fe Playhouse ($936k) and White Snake Projects Inc ($935k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 38% and program service revenue 58% of the total. Other salaries and wages came to $510k. At year end it held assets of $2.5m against liabilities of $347k, net assets of $2.1m. It reported 60 employees.