Woodford County Theatrical Arts Association Inc

Analysis

Woodford County Theatrical Arts Association Inc is a registered charity in United States, based in Versailles, KY. It received its IRS tax-exemption ruling in February 1989, 37 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 June 2024, Woodford County Theatrical Arts Association Inc reported income of $587k and spending of $577k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $581k to $587k (+1.2%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income rose by 756%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Woodford County Theatrical Arts Association Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within KY. Charities of a similar size with the same main cause include Wilmette Theatre Education Project NFP ($587k), Freetown Village Inc ($587k) and Silicon Valley Chao Chow Community Center of San Jose ($587k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 63% of the total. Other salaries and wages came to $216k. At year end it held assets of $649k against liabilities of $152k, net assets of $497k. It reported 6 employees.