Key West Players Inc

Analysis

Key West Players Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in June 1982, 44 years ago. 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 2023, Key West Players Inc reported income of $1.1m and spending of $1.3m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $836k to $1.1m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 184%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Key West Players Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Aerial Promotions Inc ($1.1m), Sure Helpline Center ($1.1m) and St Augustine Plaza Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $204k (16% of expenses). Other salaries and wages came to $378k. At year end it held assets of $1.5m against liabilities of $711k, net assets of $813k. It reported 86 employees.