Circle Theatre Inc

Analysis

Circle Theatre Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in June 1982, 44 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 December 2023, Circle Theatre Inc reported income of $694k and spending of $785k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $677k to $694k (+2.5%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Circle Theatre Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include American Security Project ($693k), New Bedford Port Society ($694k) and The Carr Center Inc ($693k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $84k (11% of expenses). Other salaries and wages came to $306k. At year end it held assets of $770k against liabilities of $86k, net assets of $684k. It reported 64 employees.