Circuit Playhouse Inc

Analysis

Circuit Playhouse Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1972, 54 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 June 2023, Circuit Playhouse Inc reported income of $2.7m and spending of $3.3m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $2.7m (-10.0%), an average of -2.6% a year. The sharpest change came in the year to June 2021, when income dropped by 30%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Circuit Playhouse Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Vermont Historical Society ($2.7m), Act of Connecticut Inc ($2.7m) and Peoples Theatre Project Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $87k (2.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $15.8m against liabilities of $111k, net assets of $15.7m. It reported 39 employees.