Friends of Silver Hawk Theatre

Analysis

Friends of Silver Hawk Theatre is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in October 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 June 2023, Friends of Silver Hawk Theatre reported income of $91k and spending of $113k, spending 124% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $246k to $91k (-63%), an average of -63% a year. The sharpest change came in the year to June 2023, when income dropped by 63%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Silver Hawk Theatre sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NE. Charities of a similar size with the same main cause include Music on a Mission Inc ($91k), BT Foundry ($91k) and Rhythm Cultural Association ($91k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 43% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.