Concord Youth Theatre Inc

Analysis

Concord Youth Theatre Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 August 2023, Concord Youth Theatre Inc reported income of $389k and spending of $467k, spending 120% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $621k to $389k (-37%), an average of -11% a year. The sharpest change came in the year to August 2021, when income dropped by 67%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concord Youth Theatre Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Healthy Newsworks ($389k), Fundacion Modesto Gotay Pro Personas Con Discapacidad Intelect ($390k) and Entrepreneurship Institute ($389k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 79% of the total. Other salaries and wages came to $85k. At year end it held assets of $689k against liabilities of $35k, net assets of $654k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.