Carpenter Square Theatre Inc

Analysis

Carpenter Square Theatre Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in November 1988, 38 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 June 2023, Carpenter Square Theatre Inc reported income of $234k and spending of $128k, leaving 45% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $237k to $234k (-1.1%), an average of -0.4% a year. The sharpest change came in the year to June 2023, when income dropped by 45%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carpenter Square Theatre Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within OK. Charities of a similar size with the same main cause include Bowman County Historical & Geneological Society ($234k), Southern Communication Volunteers Inc ($234k) and Chelsea Film Festival ($234k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $38k (29% of expenses). Other salaries and wages came to $12k. At year end it held assets of $600k against liabilities of $9,998, net assets of $590k. It reported 2 employees.