Titusville Playhouse Inc

Analysis

Titusville Playhouse Inc is a registered charity in United States, based in Titusville, FL. It received its IRS tax-exemption ruling in November 1966, 60 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 2023, Titusville Playhouse Inc reported income of $1.9m and spending of $2.2m, spending 116% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $1.6m to $1.9m (+19%), an average of +6.1% a year. The sharpest change came in the year to May 2022, when income rose by 110%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Titusville Playhouse Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Crossmen Productions Inc ($1.9m), Forum for Cultural Engagement Inc ($1.9m) and Music for Life Institute ($1.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $590k. At year end it held assets of $4.4m against liabilities of $3.3m, net assets of $1.1m. It reported 27 employees.