The Winterset Iowa Theater

Analysis

The Winterset Iowa Theater is a registered charity in United States, based in Winterset, IA. It received its IRS tax-exemption ruling in January 2017, 9 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, The Winterset Iowa Theater reported income of $167k and spending of $192k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $167k (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Winterset Iowa Theater sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include Bravo Theatre ($167k), Mon River Arts ($167k) and San Diego Chinese Academy ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $5,000 (2.6% of expenses). Other salaries and wages came to $37k. At year end it held assets of $759k against liabilities of $327k, net assets of $432k. It reported 13 employees.