Cygnet Theatre Company

Analysis

Cygnet Theatre Company is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 2003, 23 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, Cygnet Theatre Company reported income of $3.6m and spending of $3.1m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $3.6m (+58%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cygnet Theatre 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 91st percentile within CA. Charities of a similar size with the same main cause include Green-Wood Historic Fund Inc ($3.6m), Herbie Hancock Institute of Jazz ($3.6m) and The Foresight Institute ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 31% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $942k. It reported 212 employees.