Vero Beach Theatre Guild Inc

Analysis

Vero Beach Theatre Guild Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in November 1962, 64 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 June 2023, Vero Beach Theatre Guild Inc reported income of $529k and spending of $556k, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $465k to $529k (+14%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vero Beach Theatre Guild Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Bastrop Opera House Inc ($529k), Alden Kindred of America Inc ($529k) and Knoxville Childrens Theatre Inc ($529k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 59% of the total. Other salaries and wages came to $209k. At year end it held assets of $1.3m against liabilities of $198k, net assets of $1.1m. It reported 4 employees.