Classic Theatre of Maryland

Analysis

Classic Theatre of Maryland is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in July 2011, 15 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 December 2021, Classic Theatre of Maryland reported income of $495k and spending of $495k, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $545k to $495k (-9.1%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 170%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Classic Theatre of Maryland sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Armenian Heritage Tribute and Genocide Memorial Foundation Inc ($495k), Ethel M Vanderlip Trust 1379 ($496k) and Historic Rugby Inc ($495k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $20k (4.0% of expenses). Other salaries and wages came to $34k. At year end it held assets of $61k against liabilities of $361k, net assets of -$300k.