Summer Theatre of New Canaan Inc

Analysis

Summer Theatre of New Canaan Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in June 2004, 22 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 December 2023, Summer Theatre of New Canaan Inc reported income of $685k and spending of $753k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $720k to $685k (-4.9%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summer Theatre of New Canaan Inc 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 73rd percentile within CT. Charities of a similar size with the same main cause include Enlighten Culture and Education Foundation ($685k), Americans for Medical Progress Educational Foundation ($685k) and Thronateeska Heritage Foundation Inc ($685k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $50k (6.6% of expenses). Other salaries and wages came to $367k. At year end it held assets of $59k against liabilities of $120k, net assets of -$62k.