The Strand Theatre of Shreveport Corporation

Analysis

The Strand Theatre of Shreveport Corporation is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in January 1977, 49 years ago. 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 May 2023, The Strand Theatre of Shreveport Corporation reported income of $1.4m and spending of $1.7m, spending 120% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.3m to $1.4m (+9.2%), an average of +2.2% a year. The sharpest change came in the year to May 2022, when income rose by 238%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Strand Theatre of Shreveport Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within LA. Charities of a similar size with the same main cause include Association of Farmworker Opportunity Programs Afop ($1.4m), National School Public Relations Association ($1.4m) and Habitat for Humanity of Wisconsin River Area Inc ($1.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 35% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $104k (6.1% of expenses). Other salaries and wages came to $291k. At year end it held assets of $4.4m against liabilities of $405k, net assets of $3.9m. It reported 47 employees.