Tryon Little Theatre Inc

Analysis

Tryon Little Theatre Inc is a registered charity in United States, based in Tryon, NC. It received its IRS tax-exemption ruling in February 1975, 51 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, Tryon Little Theatre Inc reported income of $172k and spending of $194k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $218k to $172k (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2021, when income dropped by 60%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tryon Little Theatre Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Princess Theatre Inc ($172k), Valley River Arts Guild Inc ($172k) and Nvak Inc ($172k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 48% of the total. At year end it held assets of $557k against liabilities of $230k, net assets of $328k.