Calumet Theatre Company

Analysis

Calumet Theatre Company is a registered charity in United States, based in Calumet, MI. It received its IRS tax-exemption ruling in August 1984, 42 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 September 2023, Calumet Theatre Company reported income of $375k and spending of $334k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $262k to $375k (+43%), an average of +9.4% a year. The sharpest change came in the year to September 2023, when income rose by 99%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Calumet Theatre Company sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Somerset County Cultural Arts Center Inc ($375k), Floyd Community Center for the Arts Inc ($375k) and Close Encounters with Music Inc ($375k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $104k. At year end it held assets of $417k against liabilities of $34k, net assets of $383k. It reported 14 employees.