Ovation Theatre Inc

Analysis

Ovation Theatre Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in March 2019, 7 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, Ovation Theatre Inc reported income of $78k and spending of $76k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $78k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ovation Theatre Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Carlmont Music Boosters Inc ($78k), Center for Enviromental Structure ($78k) and Motion the Womens Performing Collective ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 16% of the total. At year end it held assets of $17k against liabilities of $17k, net assets of $472.