The Ironwood Theatre was incorporated in 1988 as an independent, non-profit cultural organization and the building is leased from the City of Ironwood. The Ironwood Theatre assumes all operating costs, maintenance and repairs of the facility. In the absence of local tax support, it is funded by ticket sales, user fees, several annual fund raisers, a Michigan Council for Arts and Cultural Affairs grant, along with area business support and other fundraising activities. The Ironwood Theatre is a volunteer based organization with a 12 member Board of Directors and a complete staff of over 20 regular staff members and over 100 individual event staff members, all of which are voluntary work and time donors.