Gulfshore Playhouse Inc

Analysis

Gulfshore Playhouse Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in November 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gulfshore Playhouse Inc reported income of $9.9m and spending of $7.8m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.5m to $9.9m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2020, when income rose by 88%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gulfshore Playhouse Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Tampa Museum of Art Foundation Inc ($9.9m), Toledo Alliance for the Performing Arts ($9.9m) and Pearl Arts Inc ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $221k (2.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $55.4m against liabilities of $4.4m, net assets of $51.0m. It reported 49 employees.