Spencer Theater for the Performing Arts Inc

Analysis

Spencer Theater for the Performing Arts Inc is a registered charity in United States, based in Alto, NM. It received its IRS tax-exemption ruling in March 1993, 33 years ago. 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 2022, Spencer Theater for the Performing Arts Inc reported income of $2.0m and spending of $2.9m, spending 143% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.9m to $2.0m (-32%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spencer Theater for the Performing Arts Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NM. Charities of a similar size with the same main cause include Boston Food Forest Coalition ($2.0m), Prairie Council on Aging ($2.0m) and Westbridge Vocational Inc ($2.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 44% of the total. Other salaries and wages came to $688k. At year end it held assets of $16.0m against liabilities of $963k, net assets of $15.0m. It reported 58 employees.