Colonial Theatre School Inc

Analysis

Colonial Theatre School Inc is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in August 1985, 41 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colonial Theatre School Inc reported income of $302k and spending of $317k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $302k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 193%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colonial Theatre School Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within RI. Charities of a similar size with the same main cause include Brownbody ($302k), Historic Elkhart River Queen Inc ($302k) and Second Street Gallery Inc ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $157k. At year end it held assets of $21k against liabilities of $0, net assets of $21k. It reported 29 employees.