Highlands Little Theater Inc

Analysis

Highlands Little Theater Inc is a registered charity in United States, based in Sebring, FL. It received its IRS tax-exemption ruling in September 1982, 44 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, Highlands Little Theater Inc reported income of $478k and spending of $463k, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $467k to $478k (+2.4%), an average of +0.6% a year. The sharpest change came in the year to August 2020, when income dropped by 46%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Highlands Little Theater Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include San Diego Chinese Historical Society and Museum ($478k), Good Shepherd Radio Inc ($478k) and Fame Center ($478k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $40k (8.7% of expenses). Other salaries and wages came to $4,321. At year end it held assets of $626k against liabilities of $33k, net assets of $593k. It reported 1 employees.