The Contemporary Theatre of Ohio

Analysis

The Contemporary Theatre of Ohio is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 1986, 40 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 2023, The Contemporary Theatre of Ohio reported income of $1.0m and spending of $1.1m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.0m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 97% 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 Contemporary Theatre of Ohio sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Peace Corps Foundation ($1.0m), Green Box Arts Project ($1.0m) and Earshot Jazz Society of Seattle ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $196k (18% of expenses). Other salaries and wages came to $351k. At year end it held assets of $808k against liabilities of $74k, net assets of $734k. It reported 75 employees.