Lemon Bay Playhouse Inc

Analysis

Lemon Bay Playhouse Inc is a registered charity in United States, based in Englewood, FL. It received its IRS tax-exemption ruling in August 1987, 39 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 February 2023, Lemon Bay Playhouse Inc reported income of $265k and spending of $260k, spending 98% of its income. Across the 4 years on record, from February 2020 to February 2023, income fell from $296k to $265k (-11%), an average of -3.7% a year. The sharpest change came in the year to February 2022, when income rose by 113%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lemon Bay Playhouse Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Virginia Piedmont Heritage Area Association ($265k), Noor Theatre ($265k) and American Farm Heritage NFP ($265k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 15% and program service revenue 78% of the total. Other salaries and wages came to $72k. At year end it held assets of $1.1m against liabilities of $31k, net assets of $1.1m. It reported 5 employees.