Passes our checks

Friends of Calhouns Gem Theatre Inc

EIN 05-0530154 · Calhoun, GA

Public records show a registered, tax-exempt organization in good standing.

What it says it does

TO RESTORE THE HISTORIC GEM THEATRE IN DOWNTOWN CALHOUN, GA. THE STRUCTURE HAS SIGNIFICANT VALUE TO THE HISTORY OF THE COMMUNITY.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 66 out of 100. Higher than 37% of charities in its peer group (arts and culture, $250k to $1m).

Reserves
20 of 35
Spendable reserves would cover 4.0 months of spending.
Debt
20 of 20
It owes 2% of what it owns.
Living within its means
8 of 15
Spending exceeded income by 1% of income.
Spending floor
8 of 15
55% of spending went to programs and raising each dollar of donations cost 12 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Strong: 97 out of 100. Higher than 91% of charities in its peer group (arts and culture, $250k to $1m).

Independent board
25 of 25
8 of 8 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
8 of 8
Has a written whistleblower policy.
Record keeping policy
7 of 7
Has a written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
12 of 15
Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)

$348,545 spent. PART III, LINE 4D--ALL OTHER ACCOMPLISHMENTS EXPENSES INCURRED TO PROVIDE THE COMMUNITY WITH PLAYS, MUSIC, CONCERTS, ETC. PART VI, LINE 11B--ORGANIATIONS PROCESS TO REVIEW FORM 889. NO REVIEW WAS OR WILL BE CONDUCTED. PART XI, LINE 9-OTHER CHANGES IN NET ASSETS EXPLANATION BOOK/TAX DEPRECIATION DIFFERENCE $-176 PART VI, LINE 19--GOVERNING DOCUMENTS DISCLOSURE EXPLANATION AVAILABLE UPON REQUEST.
THE ORGANIZATION CONTINUES TO RAISES PUBLIC AWARENESS AND THE QUALITY OF LIFE BY PROVIDING THE COMMUNITY WITH PLAYS, MUSIC, CONCERTS, ETC.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 2004.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.