Teatro Circulo Ltd

Analysis

Teatro Circulo Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1995, 31 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 June 2023, Teatro Circulo Ltd reported income of $735k and spending of $702k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $250k to $735k (+194%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 149%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Teatro Circulo Ltd sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Richmond Triangle Players ($735k), Central Valley Center for the Arts Inc ($736k) and Aquila Theatre Company ($735k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $168k (24% of expenses). Other salaries and wages came to $186k. At year end it held assets of $370k against liabilities of $47k, net assets of $323k. It reported 19 employees.