Shoestring Theatre Inc

Analysis

Shoestring Theatre Inc is a registered charity in United States, based in Lake Helen, FL. It received its IRS tax-exemption ruling in March 1983, 43 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 May 2024, Shoestring Theatre Inc reported income of $105k and spending of $109k, spending 104% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $94k to $105k (+12%), an average of +12% a year. 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, Shoestring Theatre Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Ideaworks Inc ($105k), Cheroenhaka Nottaway Indian Tribes Heritage Foundation Inc ($105k) and Gordon Central Performing Arts Alliance Inc ($105k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 39% and program service revenue 57% of the total. At year end it held assets of $202k against liabilities of $2,818, net assets of $200k.