Theatre Winter Haven Inc

Analysis

Theatre Winter Haven Inc is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in May 1981, 45 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 August 2023, Theatre Winter Haven Inc reported income of $1.9m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.9m (+56%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 86%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Winter Haven Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Delaware Symphony Association ($1.9m), Les Ballets Trockadero de Monte Carlo Inc ($1.9m) and Public Risk Management Assn Inc ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 37% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $86k (4.8% of expenses). Other salaries and wages came to $362k. At year end it held assets of $3.0m against liabilities of $976k, net assets of $2.0m. It reported 13 employees.