Friends of the Ohio Theatre

Analysis

Friends of the Ohio Theatre is a registered charity in United States, based in Madison, IN. It received its IRS tax-exemption ruling in November 2016, 10 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 December 2023, Friends of the Ohio Theatre reported income of $67k and spending of $88k, spending 131% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $339k to $67k (-80%), an average of -55% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Ohio Theatre sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within IN. Charities of a similar size with the same main cause include Henderson Heritage & Tourism ($67k), Friends of Sheldon Jackson Museum ($67k) and Eastside Dance Project ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 53% of the total. At year end it held assets of $684k against liabilities of $107k, net assets of $576k.