Circle Arts Theatre Incorporated

Analysis

Circle Arts Theatre Incorporated is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in May 1980, 46 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 December 2023, Circle Arts Theatre Incorporated reported income of $343k and spending of $299k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $299k to $343k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Circle Arts Theatre Incorporated 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 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include East Valley Childrens Theatre ($343k), Sculpture at the River Market Inc ($343k) and Mid-America Applied Technologies Co Rporation ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $120k. At year end it held assets of $432k against liabilities of $43k, net assets of $389k.