Topeka Civic Theatre and Academy Inc

Analysis

Topeka Civic Theatre and Academy Inc is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in June 1949, 77 years ago. 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, Topeka Civic Theatre and Academy Inc reported income of $2.4m and spending of $2.0m, spending 80% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.8m to $2.4m (+36%), an average of +8.0% a year. The sharpest change came in the year to August 2022, when income rose by 171%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Topeka Civic Theatre and Academy Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KS. Charities of a similar size with the same main cause include Washington University of Virginia Inc ($2.4m), Association for Public Policy Analysis and Management ($2.4m) and The Montessori School ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 31% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $110k (5.6% of expenses). Other salaries and wages came to $697k. At year end it held assets of $7.9m against liabilities of $676k, net assets of $7.2m. It reported 26 employees.