Clear Space Theatre Company

Analysis

Clear Space Theatre Company is a registered charity in United States, based in Rehoboth BCH, DE. It received its IRS tax-exemption ruling in February 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clear Space Theatre Company reported income of $1.6m and spending of $1.2m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Clear Space Theatre Company sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within DE. Charities of a similar size with the same main cause include Church Street School for Music and Art ($1.6m), Creative City Project Inc ($1.6m) and Morgan County Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $141k (11% of expenses). Other salaries and wages came to $204k. At year end it held assets of $2.2m against liabilities of $618k, net assets of $1.6m. It reported 19 employees.