Downtown Cabaret Theatre Company of Bridgeport

Analysis

Downtown Cabaret Theatre Company of Bridgeport is a registered charity in United States, based in Oxford, CT. It received its IRS tax-exemption ruling in January 1976, 50 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 August 2023, Downtown Cabaret Theatre Company of Bridgeport reported income of $1.5m and spending of $1.8m, spending 119% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.6m to $1.5m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to August 2021, when income rose by 116%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Cabaret Theatre Company of Bridgeport sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Nickel Plate Heritage Railroad Inc ($1.5m), Palo Alto Art Center Foundation ($1.5m) and Culture Works ($1.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $185k (11% of expenses). Other salaries and wages came to $621k. At year end it held assets of $1.6m against liabilities of $888k, net assets of $664k. It reported 61 employees.