Little Theatre of New Smyrna Beach Inc 726 Third Ave

Analysis

Little Theatre of New Smyrna Beach Inc 726 Third Ave is a registered charity in United States, based in New Smyrna, FL. It received its IRS tax-exemption ruling in March 1984, 42 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, Little Theatre of New Smyrna Beach Inc 726 Third Ave reported income of $501k and spending of $456k, spending 91% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $265k to $501k (+89%), an average of +14% a year. The sharpest change came in the year to May 2022, when income rose by 290%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Little Theatre of New Smyrna Beach Inc 726 Third Ave sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include A Public Space Literary Projects Inc ($501k), Metropolitan Ensemble Theatre ($501k) and Edge Motor Museum Inc ($501k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 20% and program service revenue 78% of the total. Other salaries and wages came to $43k. At year end it held assets of $2.1m against liabilities of $226k, net assets of $1.8m. It reported 1 employees.