The Newnan Community Theatre Company Inc

Analysis

The Newnan Community Theatre Company Inc is a registered charity in United States, based in Newnan, GA. It received its IRS tax-exemption ruling in April 1996, 30 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 May 2024, The Newnan Community Theatre Company Inc reported income of $280k and spending of $269k, spending 96% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $209k to $280k (+34%), an average of +7.7% a year. The sharpest change came in the year to May 2022, when income rose by 385%. 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, The Newnan Community Theatre Company Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within GA. Charities of a similar size with the same main cause include Oklahoma Community-Based Providers Inc ($280k), Splashes of Hope Inc ($280k) and Sparta Performing Arts Booster Club Inc ($280k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 28% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $33k (12% of expenses). At year end it held assets of $531k against liabilities of $431k, net assets of $100k.