Childrens Theatre and School of Thearts

Analysis

Childrens Theatre and School of Thearts is a registered charity in United States, based in S Salt Lake, UT. It received its IRS tax-exemption ruling in September 2007, 19 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, Childrens Theatre and School of Thearts reported income of $465k and spending of $596k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $512k to $465k (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 104% 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 and School of Thearts 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 67th percentile within UT. Charities of a similar size with the same main cause include Texas Czech Genealogical Society ($465k), Mandala South Asian Performing Arts Inc ($465k) and Amelia Island Museum of History Inc ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $180k. At year end it held assets of $1.2m against liabilities of $474k, net assets of $679k. It reported 30 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.