Charlestown Working Theater Inc

Analysis

Charlestown Working Theater Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Charlestown Working Theater Inc reported income of $193k and spending of $101k, leaving 47% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $97k to $193k (+99%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 104%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charlestown Working Theater Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Queen City Chamber Opera ($193k), Distrikt ($193k) and Transformative Arts ($193k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 71% of the total. At year end it held assets of $372k against liabilities of $69k, net assets of $303k.