Fort Lauderdale Childrens Theatre Inc

Analysis

Fort Lauderdale Childrens Theatre Inc is a registered charity in United States, based in Davie, FL. It received its IRS tax-exemption ruling in March 1965, 61 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 May 2023, Fort Lauderdale Childrens Theatre Inc reported income of $756k and spending of $977k, spending 129% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $847k to $756k (-11%), an average of -2.8% a year. The sharpest change came in the year to May 2021, when income dropped by 29%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Lauderdale Childrens Theatre Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include American Irish Historical Society Inc ($756k), Storefront for Art and Architecture Inc ($756k) and Participant Incorporated ($756k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 37% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $86k (8.8% of expenses). Other salaries and wages came to $243k. At year end it held assets of $3.6m against liabilities of $2.9m, net assets of $626k. It reported 25 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.