Ardmore Little Theatre Inc

Analysis

Ardmore Little Theatre Inc is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in November 1967, 59 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 June 2023, Ardmore Little Theatre Inc reported income of $70k and spending of $67k, spending 95% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $200k to $70k (-65%), an average of -29% a year. The sharpest change came in the year to June 2023, when income dropped by 35%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ardmore Little Theatre Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within OK. Charities of a similar size with the same main cause include Museum of Ancient Wonders ($70k), Ma Series Arts ($70k) and Friends of the Ixchel Museum Inc ($70k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $28k (41% of expenses). At year end it held assets of $311k against liabilities of $6,677, net assets of $304k. It reported 2 employees.