CTT Comedy

Analysis

CTT Comedy is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in January 2015, 11 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, CTT Comedy reported income of $888k and spending of $569k, leaving 36% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $422k to $888k (+110%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, CTT Comedy sits at the 84th percentile: it is larger than about 84% 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 Institute of Mentalphysics ($888k), Sebastiani Theater Foundation Inc ($888k) and Lane Arts Council ($887k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $500 (0.1% of expenses). At year end it held assets of $1.4m against liabilities of $4,364, net assets of $1.4m.