Childrens Theater Company and School

Analysis

Childrens Theater Company and School is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 1975, 51 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Childrens Theater Company and School reported income of $12.3m and spending of $13.4m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.9m to $12.3m (-4.4%), an average of -1.1% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Theater Company and School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include The Florida Theatre Performing Arts ($12.3m), Discovery Park of America Inc ($12.3m) and Maltz Jupiter Theatre Inc ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $621k (4.6% of expenses). Other salaries and wages came to $5.7m. It paid $37k in professional fundraising fees. At year end it held assets of $32.6m against liabilities of $4.6m, net assets of $28.0m. It reported 429 employees.