Greenwood Community Theatre Inc

Analysis

Greenwood Community Theatre Inc is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in December 1965, 61 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, Greenwood Community Theatre Inc reported income of $414k and spending of $429k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $497k to $414k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greenwood Community Theatre Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include Temple Childrens Museum ($413k), Great Basin Heritage Area PTR ($414k) and Steamboat Springs Free Summerconcert Series ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $86k (20% of expenses). Other salaries and wages came to $75k. At year end it held assets of $1.1m against liabilities of $3,794, net assets of $1.1m. It reported 3 employees.