Chagrin Valley Little Theatre

Analysis

Chagrin Valley Little Theatre is a registered charity in United States, based in Chagrin Falls, OH. It received its IRS tax-exemption ruling in February 1973, 53 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 August 2023, Chagrin Valley Little Theatre reported income of $476k and spending of $449k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $438k to $476k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to August 2023, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chagrin Valley Little Theatre sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Museum of the American G I Inc ($476k), Junior Chamber Music ($476k) and Florida Keys History and Discovery Foundation ($476k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Other salaries and wages came to $132k. At year end it held assets of $2.0m against liabilities of $219k, net assets of $1.7m. It reported 5 employees.