Community Theater Project Corporation

Analysis

Community Theater Project Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 2016, 10 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 August 2023, Community Theater Project Corporation reported income of $1.8m and spending of $1.6m, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $1.8m (+28%), an average of +6.3% a year. The sharpest change came in the year to August 2021, when income rose by 51%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Theater Project Corporation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Yakima Valley Museum & Hist Assn ($1.8m), Massachusetts International Festival of the Arts Inc ($1.8m) and Gaelic Athletic Association of Greater New York Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $99k (6.2% of expenses). Other salaries and wages came to $423k. It paid $2,408 in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $180k, net assets of $2.6m. It reported 12 employees.