Grand Rapids Civic Theatre Endowment

Analysis

Grand Rapids Civic Theatre Endowment is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 2002, 24 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Grand Rapids Civic Theatre Endowment reported income of $197k and spending of $181k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $99k to $197k (+98%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 138%. Over the whole period it spent 133% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grand Rapids Civic Theatre Endowment sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Coast Live Music Inc ($197k), Palmer Museum of History and Art ($197k) and Lakewood Community Players ($197k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.