South Bend Civic Theatre Inc

Analysis

South Bend Civic Theatre Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in February 1985, 41 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, South Bend Civic Theatre Inc reported income of $1.5m and spending of $1.3m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Bend Civic Theatre Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include 75 Spruce Street Development ($1.5m), Centro Obrero Del Fronterizo Inc ($1.5m) and Korean Community Service Center ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $82k (6.3% of expenses). Other salaries and wages came to $420k. At year end it held assets of $4.0m against liabilities of $247k, net assets of $3.7m. It reported 40 employees.