Carolina Theatre of Durham Inc

Analysis

Carolina Theatre of Durham Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in December 1996, 30 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 2023, Carolina Theatre of Durham Inc reported income of $3.8m and spending of $3.2m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $3.8m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 211%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carolina Theatre of Durham 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 92nd percentile within NC. Charities of a similar size with the same main cause include National Whitetail Deer Education ($3.8m), Cape Fear Regional Theatre at Fayetteville Inc ($3.8m) and Belle Meade Mansion ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $246k (7.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.6m against liabilities of $1.9m, net assets of $3.7m. It reported 106 employees.