Des Moines Community Playhouse

Analysis

Des Moines Community Playhouse is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in May 1946, 80 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 August 2023, Des Moines Community Playhouse reported income of $3.7m and spending of $2.8m, leaving 24% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $1.7m to $3.7m (+115%), an average of +29% a year. The sharpest change came in the year to August 2022, when income rose by 103%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Des Moines Community Playhouse sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include Greentrike ($3.7m), Paideia Institute for Humanistic Study Inc ($3.7m) and Cincinnati Shakespeare Company ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $125k (4.4% of expenses). Other salaries and wages came to $585k. At year end it held assets of $11.6m against liabilities of $2.0m, net assets of $9.5m. It reported 55 employees.