Commonwealth Artists Student Theatre Inc

Analysis

Commonwealth Artists Student Theatre Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 2017, 9 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 August 2024, Commonwealth Artists Student Theatre Inc reported income of $76k and spending of $80k, spending 105% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $71k to $76k (+6.5%), an average of +3.2% a year. The sharpest change came in the year to August 2023, when income rose by 38%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Commonwealth Artists Student Theatre Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include San Gennaro Foundation-Seattle ($76k), Kodiak Maritime Museum and Art Center ($76k) and Valley Youth Orchestra ($76k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 56% and program service revenue 45% of the total. At year end it held assets of $125k against liabilities of $119k, net assets of $5,856.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.