Laurel Little Theatre Inc

Analysis

Laurel Little Theatre Inc is a registered charity in United States, based in Laurel, MS. It received its IRS tax-exemption ruling in May 1969, 57 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 2024, Laurel Little Theatre Inc reported income of $131k and spending of $148k, spending 113% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $186k to $131k (-30%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 35%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laurel Little Theatre Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within MS. Charities of a similar size with the same main cause include Kansas Sampler Foundation Inc ($131k), Garrison Players Inc ($131k) and Commonwealth Chorale Inc ($131k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 32% of the total. At year end it held assets of $495k against liabilities of $0, net assets of $495k.