Climb Theatre Inc

Analysis

Climb Theatre Inc is a registered charity in United States, based in Inver Grove HGTS, MN. It received its IRS tax-exemption ruling in June 1976, 50 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 August 2023, Climb Theatre Inc reported income of $724k and spending of $1.0m, spending 140% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $836k to $724k (-13%), an average of -3.5% a year. The sharpest change came in the year to August 2021, when income rose by 92%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Climb Theatre Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Penny Lane Beatles Museum Inc ($724k), Key West Film Society Inc ($724k) and Mercy International ($724k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 29% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $57k (5.7% of expenses). Other salaries and wages came to $465k. At year end it held assets of $1.0m against liabilities of $989k, net assets of $35k. It reported 77 employees.