Very Little Theater Inc

Analysis

Very Little Theater Inc is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in March 1936, 90 years ago. 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 2023, Very Little Theater Inc reported income of $552k and spending of $381k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $235k to $552k (+135%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 125%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Very Little Theater Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OR. Charities of a similar size with the same main cause include United Church Residences of Delaware Ohio Inc ($552k), Save Our Shores ($552k) and Calvary Cemetery of Sioux City ($552k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $42k (11% of expenses). Other salaries and wages came to $11k. At year end it held assets of $2.2m against liabilities of $353k, net assets of $1.9m. It reported 2 employees.