Coastal Islands Theater Inc

Analysis

Coastal Islands Theater Inc is a registered charity in United States, based in St Simons Is, GA. It received its IRS tax-exemption ruling in December 1984, 42 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, Coastal Islands Theater Inc reported income of $176k and spending of $183k, spending 104% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $119k to $176k (+47%), an average of +47% a year. The sharpest change came in the year to June 2024, when income rose by 47%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coastal Islands Theater 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 51st percentile, and in the 54th percentile within GA. Charities of a similar size with the same main cause include The Literacy Project ($176k), Statewide Country Music Association Inc ($176k) and Women in Jazz Association ($176k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $68k against liabilities of $9,726, net assets of $58k.