Childrens Theatre of Charlotte Inc

Analysis

Childrens Theatre of Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 1973, 53 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 June 2023, Childrens Theatre of Charlotte Inc reported income of $5.5m and spending of $4.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $5.5m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Theatre of Charlotte Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Clay Studio ($5.5m), Redlands Historical Museum Association ($5.5m) and Plains Art Museum ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $268k (5.5% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $23.1m against liabilities of $886k, net assets of $22.2m. It reported 187 employees.