Cedar Summerstock Theatre

Analysis

Cedar Summerstock Theatre is a registered charity in United States, based in Saint Ansgar, IA. It received its IRS tax-exemption ruling in June 2021, 5 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 October 2023, Cedar Summerstock Theatre reported income of $304k and spending of $308k, spending 101% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $219k to $304k (+39%), an average of +39% a year. The sharpest change came in the year to October 2023, when income rose by 39%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cedar Summerstock Theatre sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include Chesapeake Crossroads Heritage Area Inc ($304k), Western Montana Creative Initiatives ($304k) and Filmforum Inc ($304k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $59k. At year end it held assets of $931k against liabilities of $13k, net assets of $918k. It reported 2 employees.