Childrens Theatre of Charleston Inc

Analysis

Childrens Theatre of Charleston Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in June 1943, 83 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, Childrens Theatre of Charleston Inc reported income of $197k and spending of $175k, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $250k to $197k (-21%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Theatre of Charleston Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within WV. Charities of a similar size with the same main cause include Maharashtra Mandal of Detroit Incorporated ($197k), Brightwork Newmusic ($197k) and Fulton Historical Society ($197k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 48% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.