Eugene Oneill Memorial Theater Center Inc

Analysis

Eugene Oneill Memorial Theater Center Inc is a registered charity in United States, based in Waterford, CT. It received its IRS tax-exemption ruling in November 1964, 62 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 August 2023, Eugene Oneill Memorial Theater Center Inc reported income of $4.5m and spending of $5.5m, spending 124% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $6.2m to $4.5m (-28%), an average of -8.0% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eugene Oneill Memorial Theater Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include World Science Foundation ($4.5m), City Springs Theatre Company ($4.5m) and Community Works West Inc ($4.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $257k (4.6% of expenses). Other salaries and wages came to $2.5m. It paid $91k in professional fundraising fees. At year end it held assets of $11.5m against liabilities of $2.9m, net assets of $8.6m. It reported 122 employees.