Kernersville Little Theatre Inc

Analysis

Kernersville Little Theatre Inc is a registered charity in United States, based in Kernersville, NC. It received its IRS tax-exemption ruling in November 1977, 49 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Kernersville Little Theatre Inc reported income of $86k and spending of $85k, spending 99% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $81k to $86k (+7.3%), an average of +7.3% a year. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kernersville Little Theatre Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Slovenian Cultural Center ($86k), Friends of Avila Pier Foap Inc ($86k) and Stay Presbyterian Church ($86k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 50% and program service revenue 45% of the total. At year end it held assets of $155k against liabilities of $0, net assets of $155k.