Camelot Theater Foundation

Analysis

Camelot Theater Foundation is a registered charity in United States, based in Nevada, IA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Camelot Theater Foundation reported income of $152k and spending of $35k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $152k (+10.0%), an average of +10% a year. Over the whole period it spent 16% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Camelot Theater Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within IA. Charities of a similar size with the same main cause include Mayview Mo Foundation ($152k), Pine Bluff Downtown Development Inc ($152k) and Service League of Crystal Lake Inc ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 17% of the total. At year end it held assets of $327k against liabilities of $21k, net assets of $306k.