Limelight Theatre Inc

Analysis

Limelight Theatre Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in September 1994, 32 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 August 2024, Limelight Theatre Inc reported income of $932k and spending of $920k, spending 99% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $602k to $932k (+55%), an average of +9.2% a year. The sharpest change came in the year to August 2023, when income rose by 62%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Limelight Theatre Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Emerald Media Group Inc ($932k), Shaw Center for the Arts LLC ($933k) and Footlite Musicals Inc ($932k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $73k (7.9% of expenses). Other salaries and wages came to $167k. At year end it held assets of $984k against liabilities of $698k, net assets of $286k. It reported 5 employees.