Charleston Stage Company

Analysis

Charleston Stage Company is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in August 1980, 46 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 April 2024, Charleston Stage Company reported income of $3.5m and spending of $4.0m, spending 114% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $2.6m to $3.5m (+36%), an average of +8.0% a year. The sharpest change came in the year to April 2022, when income rose by 216%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charleston Stage Company 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 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Tremont Theatre Inc ($3.5m), The National Museum of Puerto Rican Arts and Culture ($3.5m) and Great Lakes Observing System Regional Association ($3.5m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 30% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $289k (7.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.1m against liabilities of $1.3m, net assets of $809k. It reported 113 employees.