New Reno Little Theater

Analysis

New Reno Little Theater is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in July 1978, 48 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 July 2023, New Reno Little Theater reported income of $797k and spending of $787k, spending 99% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $422k to $797k (+89%), an average of +17% a year. The sharpest change came in the year to July 2022, when income rose by 84%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Reno Little Theater sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within NV. Charities of a similar size with the same main cause include Success at Work Inc ($797k), Young at Art of Broward Inc ($797k) and Ylc Ballet ($797k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $90k (11% of expenses). Other salaries and wages came to $122k. At year end it held assets of $1.3m against liabilities of $100k, net assets of $1.2m. It reported 6 employees.