Theatre at the Center Inc

Analysis

Theatre at the Center Inc is a registered charity in United States, based in Munster, IN. It received its IRS tax-exemption ruling in March 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Theatre at the Center Inc reported income of $208k and spending of $357k, spending 172% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $208k (-92%), an average of -46% a year. The sharpest change came in the year to June 2023, when income rose by 850%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre at the Center Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within IN. Charities of a similar size with the same main cause include Cripple Creek District Museum Inc ($208k), Buffalo Opera Unlimited Incorporated ($208k) and Camp Paxson Preservation Project ($208k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 87% of the total. Other salaries and wages came to $65k. At year end it held assets of $277k against liabilities of $1.6m, net assets of -$1.4m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.