Christian Arts and Theatre of Corona

Analysis

Christian Arts and Theatre of Corona is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in April 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Christian Arts and Theatre of Corona reported income of $914k and spending of $953k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $677k to $914k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Christian Arts and Theatre of Corona sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Barnegat Bay Decoy & Baymens Museum ($914k), Residency Unlimited Inc ($914k) and Morys Preservation Inc ($914k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $501k. At year end it held assets of $510k against liabilities of $115k, net assets of $395k. It reported 58 employees.