The Center for Theatre Arts

Analysis

The Center for Theatre Arts is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 1983, 43 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 2024, The Center for Theatre Arts reported income of $568k and spending of $604k, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $525k to $568k (+8.3%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income dropped by 27%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Center for Theatre Arts sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include International Society of Political Psychology Inc ($568k), The Opera Company Inc ($568k) and Automobile Driving Museum ($568k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 50% of the total. Other salaries and wages came to $335k. At year end it held assets of $429k against liabilities of $292k, net assets of $137k. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.