Emerald Coast Theatre Company

Analysis

Emerald Coast Theatre Company is a registered charity in United States, based in Miramar Beach, FL. It received its IRS tax-exemption ruling in November 2013, 13 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Emerald Coast Theatre Company reported income of $1.8m and spending of $1.7m, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.2m to $1.8m (+46%), an average of +10% a year. The sharpest change came in the year to July 2022, when income rose by 15%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Emerald Coast Theatre Company sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include American Friends of Sufi Arts Culture and Knowledge ($1.8m), Heifetz International Music Institute Inc ($1.8m) and Elgin Symphony Orchestra Assoc ($1.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 61% and program service revenue 40% of the total. Other salaries and wages came to $441k. At year end it held assets of $907k against liabilities of $16k, net assets of $891k. It reported 12 employees.