Community Circle Theatre Inc

Analysis

Community Circle Theatre Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 1979, 47 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 October 2023, Community Circle Theatre Inc reported income of $707k and spending of $815k, spending 115% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $584k to $707k (+21%), an average of +4.9% a year. The sharpest change came in the year to October 2021, when income rose by 168%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Circle 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 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Sacramento Mens Chorus ($707k), Asian Pacific American Leadership Foundation ($707k) and Artspace Inc ($707k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 36% and program service revenue 50% of the total. Other salaries and wages came to $389k. At year end it held assets of $606k against liabilities of $116k, net assets of $490k. It reported 8 employees.