Contemporary American Theatre Festival Inc

Analysis

Contemporary American Theatre Festival Inc is a registered charity in United States, based in Shepherdstown, WV. It received its IRS tax-exemption ruling in June 1992, 34 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, Contemporary American Theatre Festival Inc reported income of $3.9m and spending of $2.2m, leaving 42% of income unspent that year. Across the 6 years on record, from October 2019 to December 2023, income grew from $1.6m to $3.9m (+140%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 3384%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Contemporary American Theatre Festival Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within WV. Charities of a similar size with the same main cause include Big Car Media Inc ($3.9m), DSM Management Group Inc ($3.9m) and American Blues Theater ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Other salaries and wages came to $957k. It paid $77k in professional fundraising fees. At year end it held assets of $3.1m against liabilities of $153k, net assets of $2.9m. It reported 110 employees.