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Florida · Nonprofit

HIPPODROME STATE THEATRE INC

HIPPODROME STATE THEATRE INC (Florida) receives grants from 8 organizations whose IRS filings report $178,451 to it, the largest being SHANDS TEACHING HOSPITAL AND CLINICS INC ($67,500). 4 of them have funded it in more than one year, and 57% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$1.8M
Funders on record
8
Grants received
$178k
Net assets
$160k
4/8 repeat funderspeak grant-dependency 4%
01What it does

What Hippodrome State Theatre Inc does

Mission

Artistic performances and education in the theatre arts.

As stated on its FY2025 Form 990.

Programs

  1. MAIN STAGE - Encompasses the production of an annual series of major theatrical performances, generally running from September through June. Being the only professional theater in the area, it establishes Gainesville as a cultural hub in the region and provides the community with the opportunity to view new and challenging works, expand their artistic awareness, and experience high-quality productions by Award-Winning designers and playwrights.

    $1,390,371 spent$566,375 earned by the program
    87% of program spending
  2. Education Programs - Internationally recognized teen and pre-teen arts-based prevention and intervention programs, service learning programs in which teens write and perform issues based works for their peers, and classes and workshops conducted for both children and adults interested in studying theater and film. The theater also offers an internship program in which local students and recent graduates may gain experience and prove themselves in a professional theater environment.

    $107,960 spent$115,882 earned by the program
    7% of program spending
  3. CINEMA - Shows of limited release, first run cinema productions and film festivals. Provides an opportunity for the showing of independent art films, documentaries, and foreign films that would not otherwise be available to the general public. Often features live interview sessions during which audience members may interact with directors, screen writers, and community figures related to the films.

    $95,061 spent$44,419 earned by the program
    6% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,593,392.

02The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20182018 Revenue 100 ($2.1M) Expenses 100 ($2.1M) Net assets 100 ($31k)2019 Revenue 99 ($2.0M) Expenses 95 ($2.0M) Net assets 275 ($87k)2020 Revenue 94 ($1.9M) Expenses 85 ($1.8M) Net assets 734 ($231k)2021 Revenue 39 ($809k) Expenses 47 ($975k) Net assets 188 ($59k)2022 Revenue 88 ($1.8M) Expenses 58 ($1.2M) Net assets 2087 ($657k)2023 Revenue 12 ($241k) Expenses 17 ($346k) Net assets 689 ($217k)2024 Revenue 93 ($1.9M) Expenses 93 ($1.9M) Net assets 578 ($182k)2025 Revenue 88 ($1.8M) Expenses 85 ($1.8M) Net assets 508 ($160k)
'18'19'20'21'22'23'24'25
Revenue (88)Expenses (85)Net assets (508)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $736k to $380k (−48%).

$415k
$368k
$547k
$593k
$736k
$380k
$247k
$239k
'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2018 19% · 2019 24% · 2020 14% · 2021 45% · 2022 56% · 2023 17% · 2024 19% · 2025 22%. Grants only. Government contracts and fees sit inside program revenue.

49% of HIPPODROME STATE THEATRE INC’s revenue is contributions — about as donation-reliant as the typical peer (63% for the typical peer).

This organization
Typical peer · 5,377 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.

−$38k
’18
$55k
’19
$151k
’20
−$166k
’21
$593k
’22
−$105k
’23
−$35k
’24
$23k
’25
0.6
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'18'19'20'21'22'23'24'25
Listed76522444
Joined·+2+1···+0+1
No longer listed·32···01
03Who funds it

Who funds it, year by year

2017 → 2023: the base held at 1 funder, grant income fell $20k → $82.

4 of 8 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 57% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of HIPPODROME STATE THEATRE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

HIPPODROME STATE THEATRE INC leans on a few funders — its largest provides 38% of grant income and the top three 87%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

98% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund HIPPODROME STATE THEATRE INC.

38%
largest funder
87%
top three
~3
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 69% · 2020 46% · 2021 47% · 2022 78% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

75% of HIPPODROME STATE THEATRE INC's funders are still giving 3 years after their first grant; 50% give in more than one year at all.

first grant+1y+2y+3y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

57% of HIPPODROME STATE THEATRE INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $76k that is directly attributable, 98% of it comes from Florida funders.

DC
FL

In-state vs out-of-state, by year

’17
’19
’20
’21
’22
Florida out of state home

Funder states come from each funder’s own filing. $102k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

HIPPODROME STATE THEATRE INC receives grants from 8 organizations whose IRS filings report $178k to it.

Operating margin1% · below the median
Months of reserve0.6mo · bottom quartile
Revenue growth (annualized)−2% · bottom quartile

this organization peer median middle 50% of peers· 3,230 arts & culture nonprofits $1M–$10M, FY2025

Organizations like HIPPODROME STATE THEATRE INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

89% of spending goes to programs.

Program 89%Management 6%Fundraising 5%

Governance

3
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

99%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

FL

Screen this organization

A dated, signed PDF of the compliance screen for HIPPODROME STATE THEATRE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds HIPPODROME STATE THEATRE INC?
HIPPODROME STATE THEATRE INC (Florida) receives grants from 8 organizations whose IRS filings report $178,451 to it, the largest being SHANDS TEACHING HOSPITAL AND CLINICS INC ($67,500). 4 of them have funded it in more than one year, and 57% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does HIPPODROME STATE THEATRE INC have?
IRS filings report 8 organizations giving $178,451 in grants to HIPPODROME STATE THEATRE INC, 4 of which have funded it in more than one year.
Who is the largest funder of HIPPODROME STATE THEATRE INC?
SHANDS TEACHING HOSPITAL AND CLINICS INC is the largest funder on record, with $67,500 in grants. The full list of funders is on this page.
How can an organization like HIPPODROME STATE THEATRE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Hippodrome State Theatre →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 8 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing