Community Theatre of Greensboro Inc

Analysis

Community Theatre of Greensboro Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in October 1949, 77 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, Community Theatre of Greensboro Inc reported income of $685k and spending of $769k, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $736k to $685k (-6.9%), an average of -2.4% a year. The sharpest change came in the year to June 2022, when income rose by 151%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Theatre of Greensboro Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Holocaust Museum and Study Center ($685k), Institute for the Advancement of Journalistic Clarity ($686k) and Downtown Winston-Salem Community Cinema ($685k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $149k (19% of expenses). Other salaries and wages came to $103k. At year end it held assets of $1.3m against liabilities of $319k, net assets of $1.0m. It reported 6 employees.