Albuquerque Little Theatre Inc

Analysis

Albuquerque Little Theatre Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Albuquerque Little Theatre Inc reported income of $1.2m and spending of $757k, leaving 35% of income unspent that year. Across the 3 years on record, from June 2020 to June 2022, income grew from $860k to $1.2m (+35%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 150%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albuquerque Little Theatre Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NM. Charities of a similar size with the same main cause include Polish Museum of America ($1.2m), The American Coaster Enthusiasts Inc ($1.2m) and Oh Wow the Roger & Gloria Jones Childrens Center for Science & Tec ($1.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 66% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $83k (11% of expenses). Other salaries and wages came to $331k. At year end it held assets of $1.7m against liabilities of $169k, net assets of $1.6m. It reported 22 employees.