Anacortes Community Theater Incorporated

Analysis

Anacortes Community Theater Incorporated is a registered charity in United States, based in Anacortes, WA. It received its IRS tax-exemption ruling in July 1966, 60 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 December 2023, Anacortes Community Theater Incorporated reported income of $268k and spending of $303k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $313k to $268k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Anacortes Community Theater Incorporated sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Little Art Theatre Association ($268k), Grateful Crane Ensemble ($268k) and Royal School of Church Music ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $96k. At year end it held assets of $170k against liabilities of $15k, net assets of $155k. It reported 7 employees.