Old Courthouse Theatre Inc

Analysis

Old Courthouse Theatre Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in January 1979, 47 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 2023, Old Courthouse Theatre Inc reported income of $164k and spending of $120k, leaving 27% of income unspent that year. Across the 3 years on record, from June 2019 to June 2023, income grew from $63k to $164k (+160%), an average of +61% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Courthouse Theatre Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Cygnus Creative Arts Centre Inc ($164k), Combat Air Museum Inc ($164k) and Delta Symphony Orchestra ($164k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 57% of the total. At year end it held assets of $262k against liabilities of $47k, net assets of $215k.