Center Theatre Inc

Analysis

Center Theatre Inc is a registered charity in United States, based in Dovr Foxcroft, ME. It received its IRS tax-exemption ruling in November 1999, 27 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 December 2023, Center Theatre Inc reported income of $433k and spending of $525k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $359k to $433k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center Theatre Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 63rd percentile within ME. Charities of a similar size with the same main cause include Dallas Film Society Inc ($433k), Securities and Exchange Commission Historical Society ($433k) and Caroline County Council of Arts Incorporated ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $55k (10% of expenses). Other salaries and wages came to $106k. At year end it held assets of $1.4m against liabilities of $89k, net assets of $1.4m. It reported 9 employees.