Citadel Theatre Company

Analysis

Citadel Theatre Company is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in April 2018, 8 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, Citadel Theatre Company reported income of $691k and spending of $772k, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $631k to $691k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to August 2022, when income rose by 189%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Citadel Theatre Company sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Cultureverse ($691k), Friends of Goethe Inc ($691k) and Environmental Mutagenesis and Genomics Society Emgs ($690k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 25% and program service revenue 45% of the total. Other salaries and wages came to $244k. At year end it held assets of $116k against liabilities of $91k, net assets of $25k.