Area Community Theatre of Sharpsville

Analysis

Area Community Theatre of Sharpsville is a registered charity in United States, based in Sharpsville, PA. It received its IRS tax-exemption ruling in July 2012, 14 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, Area Community Theatre of Sharpsville reported income of $273k and spending of $183k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $208k to $273k (+31%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 112%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Area Community Theatre of Sharpsville sits at the 66th 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 58th percentile within PA. Charities of a similar size with the same main cause include Chandler Childrens Choir Inc ($273k), Small Press Traffic Literary Arts Center ($273k) and Cultural Park Theatre Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $680k against liabilities of $283k, net assets of $397k.