Lexington Live Community Theatre

Analysis

Lexington Live Community Theatre is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in March 2020, 6 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 June 2024, Lexington Live Community Theatre reported income of $107k and spending of $91k, spending 85% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $83k to $107k (+29%), an average of +29% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lexington Live Community Theatre sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include International Performing Arts of America ($107k), Greer Cultural Arts Council Inc ($107k) and Loudonville Theatre and Arts Committee ($107k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.