Cortland Repertory Theatre Inc

Analysis

Cortland Repertory Theatre Inc is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in July 1973, 53 years ago. 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 December 2023, Cortland Repertory Theatre Inc reported income of $930k and spending of $1.1m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $930k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cortland Repertory Theatre Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Peconic Landing at Southold Inc ($930k), Contact Ministries ($930k) and Dorsey B Heer TR Ua 15 of Will ($929k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $69k (6.3% of expenses). Other salaries and wages came to $410k. At year end it held assets of $1.6m against liabilities of $206k, net assets of $1.4m. It reported 65 employees.