Richmond Civic Theatre Inc

Analysis

Richmond Civic Theatre Inc is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in December 1942, 84 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, Richmond Civic Theatre Inc reported income of $524k and spending of $503k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $290k to $524k (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 138%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Richmond Civic Theatre Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Waterford Foundation Inc ($524k), Center for Maximum Potential Building Systems Inc ($524k) and Ukrainian Museum-Archive Inc ($524k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $50k (10.0% of expenses). Other salaries and wages came to $109k. At year end it held assets of $889k against liabilities of $83k, net assets of $805k. It reported 5 employees.