High Springs Community Theater

Analysis

High Springs Community Theater is a registered charity in United States, based in High Springs, FL. It received its IRS tax-exemption ruling in June 1997, 29 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 December 2022, High Springs Community Theater reported income of $101k and spending of $109k, spending 109% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $81k to $101k (+25%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, High Springs Community Theater sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Flux Dance Company ($101k), Olive Hill Historical Society Inc ($101k) and Camel City Playhouse ($101k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $277k against liabilities of $0, net assets of $277k.