Chattanooga Theatre Centre Inc

Analysis

Chattanooga Theatre Centre Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in May 1952, 74 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 August 2023, Chattanooga Theatre Centre Inc reported income of $1.4m and spending of $1.7m, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.3m to $1.4m (+13%), an average of +3.2% a year. The sharpest change came in the year to August 2022, when income rose by 42%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chattanooga Theatre Centre Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Entrepreneurs Organization ($1.4m), Community Development of South Berkshire Inc ($1.4m) and Counterpulse ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Other salaries and wages came to $510k. At year end it held assets of $3.4m against liabilities of $269k, net assets of $3.1m. It reported 25 employees.