Community Playhouse

Analysis

Community Playhouse is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in December 1953, 73 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 June 2023, Community Playhouse reported income of $444k and spending of $390k, spending 88% of its income. Across the 5 years on record, from June 2016 to June 2023, income fell from $463k to $444k (-4.1%), an average of -1.0% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 95% 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 Playhouse sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within IA. Charities of a similar size with the same main cause include Inheiritance Project Ltd ($443k), Art Sanctuary Inc ($444k) and Fort Hill Performing Arts Center Inc ($443k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $50k (13% of expenses). Other salaries and wages came to $111k. At year end it held assets of $538k against liabilities of $4,117, net assets of $534k. It reported 11 employees.