Billings Studio Theatre Inc

Analysis

Billings Studio Theatre Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in December 1966, 60 years ago. 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, Billings Studio Theatre Inc reported income of $528k and spending of $558k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $584k to $528k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Billings Studio Theatre Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MT. Charities of a similar size with the same main cause include Georgetown University Alumni Association Inc ($528k), Montana 4-H Foundation Inc ($528k) and Texas Legislative Black Caucus Research & Education Alliance Fund ($528k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $53k (9.5% of expenses). Other salaries and wages came to $179k. At year end it held assets of $1.0m against liabilities of $134k, net assets of $872k. It reported 31 employees.