Desoto Family Theatre Inc

Analysis

Desoto Family Theatre Inc is a registered charity in United States, based in Southaven, MS. It received its IRS tax-exemption ruling in October 2001, 25 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 December 2023, Desoto Family Theatre Inc reported income of $221k and spending of $240k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $392k to $221k (-44%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. 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, Desoto Family Theatre Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within MS. Charities of a similar size with the same main cause include Tek Collaborative Inc ($221k), Ebony Repertory Theatre Inc ($221k) and Napa Valley Youth Symphony ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 36% of the total. Other salaries and wages came to $57k. At year end it held assets of $175k against liabilities of $55k, net assets of $120k. It reported 3 employees.