Friends of the Tybee Theater

Analysis

Friends of the Tybee Theater is a registered charity in United States, based in Tybee Island, GA. It received its IRS tax-exemption ruling in June 2004, 22 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, Friends of the Tybee Theater reported income of $793k and spending of $816k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $667k to $793k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Tybee Theater sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Students Motivated by the Arts ($793k), National Association of Veterans Research and Education Foundations ($794k) and Waltham Community Access Corporation ($793k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 46% of the total. Other salaries and wages came to $157k. At year end it held assets of $2.2m against liabilities of $384k, net assets of $1.8m. It reported 15 employees.