The Contemporary Theater

Analysis

The Contemporary Theater is a registered charity in United States, based in Wakefield, RI. It received its IRS tax-exemption ruling in July 2009, 17 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, The Contemporary Theater reported income of $516k and spending of $576k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $443k to $516k (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Contemporary Theater 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 71st percentile, and in the 66th percentile within RI. Charities of a similar size with the same main cause include Open Stage of Harrisburg ($516k), Architectural Foundation of Oregon ($516k) and Aradhana Committee ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $60k (10% of expenses). Other salaries and wages came to $184k. At year end it held assets of $1.3m against liabilities of $352k, net assets of $987k. It reported 7 employees.