Center Theatre Inc

Analysis

Center Theatre Inc is a registered charity in United States, based in Smith Center, KS. It received its IRS tax-exemption ruling in June 2009, 17 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 2024, Center Theatre Inc reported income of $67k and spending of $83k, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $79k to $67k (-16%), an average of -4.1% a year. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center Theatre Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within KS. Charities of a similar size with the same main cause include No Mans Land Film Festival ($67k), Reinvented Inc ($67k) and Orangeburg City Ballet Inc ($67k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.2% and program service revenue 41% of the total. Other salaries and wages came to $26k. At year end it held assets of $35k against liabilities of $735, net assets of $35k. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.