Collins Theatre Foundation Inc

Analysis

Collins Theatre Foundation Inc is a registered charity in United States, based in Paragould, AR. It received its IRS tax-exemption ruling in June 1991, 35 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, Collins Theatre Foundation Inc reported income of $296k and spending of $300k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $160k to $296k (+85%), an average of +85% a year. The sharpest change came in the year to December 2023, when income rose by 85%. 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, Collins Theatre Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within AR. Charities of a similar size with the same main cause include Sandcastles a Lake Michigan Childrens Museum Inc ($296k), Tennessee State Museum Foundation ($296k) and Timeless Gifts ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $16k. At year end it held assets of $311k against liabilities of $269k, net assets of $43k.