City Theatre Inc

Analysis

City Theatre Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 1996, 30 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 September 2024, City Theatre Inc reported income of $661k and spending of $758k, spending 115% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income grew from $623k to $661k (+6.1%), an average of +1.2% a year. The sharpest change came in the year to September 2022, when income rose by 62%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, City Theatre Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Ephrata Performing Arts Center ($660k), Evolution Institute Inc ($661k) and Bais Chana Women International Inc ($660k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $287k. It paid $2,936 in professional fundraising fees. At year end it held assets of $23k against liabilities of $180k, net assets of -$158k. It reported 15 employees.