City Theater Associates Inc 205 Main St

Analysis

City Theater Associates Inc 205 Main St is a registered charity in United States, based in Biddeford, ME. It received its IRS tax-exemption ruling in March 1978, 48 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, City Theater Associates Inc 205 Main St reported income of $391k and spending of $370k, spending 95% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $297k to $391k (+32%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 163%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, City Theater Associates Inc 205 Main St sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 61st percentile within ME. Charities of a similar size with the same main cause include Rhythm X Performance Ensemble ($391k), Newton Cultural Alliance Inc ($392k) and Hall of Heroes Super Hero Museum ($391k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $33k (9.0% of expenses). Other salaries and wages came to $40k. At year end it held assets of $378k against liabilities of $5,140, net assets of $372k. It reported 2 employees.