Little Theatre of Fort Smith Arkansas Inc

Analysis

Little Theatre of Fort Smith Arkansas Inc is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in January 1977, 49 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 December 2023, Little Theatre of Fort Smith Arkansas Inc reported income of $275k and spending of $191k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $275k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Little Theatre of Fort Smith Arkansas Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within AR. Charities of a similar size with the same main cause include International Society for Quality- Of-Life Studies ($275k), Sierra Performing Arts Association ($275k) and Pioneer Valley Symphony Inc ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 61% of the total. At year end it held assets of $2.0m against liabilities of $2,018, net assets of $2.0m.