Ritz Community Theater Project Inc

Analysis

Ritz Community Theater Project Inc is a registered charity in United States, based in Sanford, FL. It received its IRS tax-exemption ruling in December 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Ritz Community Theater Project Inc reported income of $1.0m and spending of $880k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $470k to $1.0m (+117%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 71%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ritz Community Theater Project Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Rossinca Heritage School San Jose I NC ($1.0m), Maryhill Museum of Art ($1.0m) and Arts Express ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 77% of the total. Other salaries and wages came to $73k. At year end it held assets of $1.3m against liabilities of $95k, net assets of $1.2m. It reported 4 employees.