Coolidge Corner Theatre Foundation Inc

Analysis

Coolidge Corner Theatre Foundation Inc is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in July 1989, 37 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 October 2023, Coolidge Corner Theatre Foundation Inc reported income of $6.6m and spending of $5.6m, spending 85% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $5.1m to $6.6m (+29%), an average of +6.5% a year. The sharpest change came in the year to October 2022, when income rose by 36%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coolidge Corner Theatre Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Stamford Center for the Arts Inc ($6.6m), The Center for Arts & Innovation Inc ($6.6m) and Mid Atlantic Arts Inc ($6.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 41% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $199k (3.5% of expenses). Other salaries and wages came to $1.5m. It paid $45k in professional fundraising fees. At year end it held assets of $28.6m against liabilities of $12.4m, net assets of $16.1m. It reported 61 employees.