Lakeland Community Theatre Inc

Analysis

Lakeland Community Theatre Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in February 2001, 25 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 July 2023, Lakeland Community Theatre Inc reported income of $698k and spending of $628k, spending 90% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $563k to $698k (+24%), an average of +5.5% a year. The sharpest change came in the year to July 2022, when income rose by 19%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lakeland Community Theatre Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Harwich Junior Theatre Inc ($698k), Shemer Art Center and Museum Association Inc Sacama ($698k) and Pallet Foundation ($698k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 48% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $101k (16% of expenses). Other salaries and wages came to $94k. At year end it held assets of $583k against liabilities of $66k, net assets of $516k. It reported 5 employees.