Childrens Theatre of Cincinnati

Analysis

Childrens Theatre of Cincinnati is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 1949, 77 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 May 2023, Childrens Theatre of Cincinnati reported income of $25.8m and spending of $4.6m, leaving 82% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $3.8m to $25.8m (+579%), an average of +61% a year. The sharpest change came in the year to May 2022, when income rose by 222%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Theatre of Cincinnati sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Marine Environmental Sciences Consortium ($25.7m), Arts Center and Theater of Schenectady Inc ($25.8m) and Cheyenne Frontier Days Inc ($25.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 91% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $182k (4.0% of expenses). Other salaries and wages came to $1.6m. It paid $120k in professional fundraising fees. At year end it held assets of $38.2m against liabilities of $792k, net assets of $37.4m. It reported 37 employees.