Tupelo Community Theatre Inc

Analysis

Tupelo Community Theatre Inc is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in December 2024, 2 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 July 2021, Tupelo Community Theatre Inc reported income of $144k and spending of $201k, spending 139% of what it took in. Across the 6 years on record, from July 2016 to July 2021, income fell from $249k to $144k (-42%), an average of -10% a year. The sharpest change came in the year to July 2021, when income dropped by 35%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tupelo Community Theatre Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within MS. Charities of a similar size with the same main cause include Theatre Grottesco North America Inc ($144k), Constable Hall Association Inc ($144k) and The Korean American School of Heritage & Culture ($144k).

On its Form 990 for the period ending July 2021, revenue came from contributions and grants 31% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $50k (25% of expenses). Other salaries and wages came to $10k. At year end it held assets of $543k against liabilities of $77k, net assets of $466k. It reported 2 employees.