City Springs Theatre Company

Analysis

City Springs Theatre Company is a registered charity in United States, based in Sandy Springs, GA. It received its IRS tax-exemption ruling in September 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 July 2023, City Springs Theatre Company reported income of $4.5m and spending of $5.3m, spending 119% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.4m to $4.5m (+87%), an average of +17% a year. The sharpest change came in the year to July 2022, when income rose by 87%. Over the whole period it spent 109% 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 Springs Theatre Company sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Eugene Oneill Memorial Theater Center Inc ($4.5m), American Documentary Inc ($4.5m) and World Science Foundation ($4.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $949k. At year end it held assets of $2.3m against liabilities of $2.4m, net assets of -$156k. It reported 60 employees.