Charles Theatre Inc

Analysis

Charles Theatre Inc is a registered charity in United States, based in Charles City, IA. It received its IRS tax-exemption ruling in April 2010, 16 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, Charles Theatre Inc reported income of $170k and spending of $170k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $241k to $170k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charles Theatre Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include Silver City Museum Society Corporation ($170k), The Stars and Stripes National Museum and Library ($170k) and Nupur Academy LA Inc ($170k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. Other salaries and wages came to $45k. At year end it held assets of $382k against liabilities of $0, net assets of $382k. It reported 7 employees.