Germantown Community Theater Inc

Analysis

Germantown Community Theater Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in October 1974, 52 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, Germantown Community Theater Inc reported income of $345k and spending of $387k, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $313k to $345k (+10%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 119%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Germantown Community Theater Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include Greater Cleveland Sports Hall of Fame Inc ($345k), Chopsticks Alley Art ($345k) and Cracked Pots Inc ($345k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $51k (13% of expenses). Other salaries and wages came to $121k. At year end it held assets of $305k against liabilities of $96k, net assets of $209k. It reported 9 employees.