Carteret Community Theatre Inc

Analysis

Carteret Community Theatre Inc is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in October 1990, 36 years ago. 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 December 2023, Carteret Community Theatre Inc reported income of $603k and spending of $273k, leaving 55% of income unspent that year. Across the 5 years on record, from February 2020 to December 2023, income grew from $347k to $603k (+74%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 188%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carteret Community Theatre Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Chippewa Youth Hockey Association Inc ($603k), Houston Arts Combined Endowment Foundation ($604k) and Society of Cosmetic Chemists ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. Other salaries and wages came to $57k. It paid $63k in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $499k, net assets of $1.3m. It reported 3 employees.