Vernal & Sere Theatre Inc

Analysis

Vernal & Sere Theatre Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 2022, 4 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 2024, Vernal & Sere Theatre Inc reported income of $72k and spending of $68k, spending 95% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $52k to $72k (+37%), an average of +37% a year. The sharpest change came in the year to June 2024, when income rose by 37%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vernal & Sere Theatre Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within GA. Charities of a similar size with the same main cause include Seaside Arts Council ($72k), Grassroots Indigenous Multimedia ($72k) and North Carolina Association of Festivals ($72k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.