Circle in the Square Theatre School Inc

Analysis

Circle in the Square Theatre School Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1993, 33 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Circle in the Square Theatre School Inc reported income of $2.0m and spending of $1.8m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.0m (+8.7%), an average of +2.1% a year. The sharpest change came in the year to June 2023, when income rose by 89%. 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, Circle in the Square Theatre School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Michigan Humanities Council ($2.0m), International Life Sciences Institute ($2.0m) and Yunus Emre Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $101k (5.6% of expenses). Other salaries and wages came to $581k. At year end it held assets of $3.8m against liabilities of $1.1m, net assets of $2.8m. It reported 45 employees.