Lake City Community Theater Inc

Analysis

Lake City Community Theater Inc is a registered charity in United States, based in Lake City, SC. It received its IRS tax-exemption ruling in October 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Lake City Community Theater Inc reported income of $62k and spending of $64k, spending 104% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $17k to $62k (+258%), an average of +89% a year. The sharpest change came in the year to May 2023, when income rose by 192%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake City Community Theater Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 30th percentile within SC. Charities of a similar size with the same main cause include PTA North Carolina Congress ($62k), National Association of Corporate Directors ($62k) and American Inns of Court Foundation ($62k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $59k against liabilities of $538, net assets of $58k.