Cincinnati Playhouse in the Park

Analysis

Cincinnati Playhouse in the Park is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 1963, 63 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 June 2023, Cincinnati Playhouse in the Park reported income of $14.1m and spending of $12.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $19.0m to $14.1m (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cincinnati Playhouse in the Park sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Old Town School of Folk Music Inc ($14.0m), Mount Desert Island Biological Laboratory ($14.1m) and New Jersey Symphony Orchestra ($14.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $528k (4.1% of expenses). Other salaries and wages came to $4.2m. It paid $27k in professional fundraising fees. At year end it held assets of $74.3m against liabilities of $19.2m, net assets of $55.1m. It reported 328 employees.