Cleveland Public Theatre Inc

Analysis

Cleveland Public Theatre Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 1982, 44 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, Cleveland Public Theatre Inc reported income of $2.4m and spending of $2.8m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.4m (+10%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cleveland Public Theatre Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Lithuanian Foundation ($2.4m), McAllen International Museum ($2.4m) and Frameline Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $105k (3.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.1m against liabilities of $632k, net assets of $7.5m. It reported 97 employees.