Chester Theatre Company Inc

Analysis

Chester Theatre Company Inc is a registered charity in United States, based in Chester, MA. It received its IRS tax-exemption ruling in February 1998, 28 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, Chester Theatre Company Inc reported income of $751k and spending of $742k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $829k to $751k (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income rose by 183%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chester Theatre Company Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Garage Cultural Inc ($751k), Bannermans Castle Trust Inc ($752k) and Mono No Aware Inc ($751k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Other salaries and wages came to $184k. At year end it held assets of $847k against liabilities of $57k, net assets of $790k. It reported 23 employees.