State Theatre Inc

Analysis

State Theatre Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in May 2002, 24 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 October 2023, State Theatre Inc reported income of $1.4m and spending of $1.6m, spending 115% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $1.4m to $1.4m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to October 2022, when income rose by 53%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, State Theatre Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include The Kansas African American Museum Inc ($1.4m), Michigan Maritime Museum Inc ($1.4m) and Boyle Heights Arts Conservatory ($1.4m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 12% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $56k (3.6% of expenses). Other salaries and wages came to $365k. At year end it held assets of $5.7m against liabilities of $3.8m, net assets of $1.9m. It reported 42 employees.