Kings Mountain Little Theatre Inc

Analysis

Kings Mountain Little Theatre Inc is a registered charity in United States, based in Kings MTN, NC. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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 2023, Kings Mountain Little Theatre Inc reported income of $538k and spending of $157k, leaving 71% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $158k to $538k (+241%), an average of +51% a year. The sharpest change came in the year to June 2022, when income rose by 279%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kings Mountain Little Theatre Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Texas Association for Bilingual Education Tabe ($538k), Prevent Child Abuse Rockdale I ($538k) and Nami West Central Indiana Inc ($538k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 6.4% of the total. At year end it held assets of $913k against liabilities of $0, net assets of $913k.