Childrens Legacy Theater Inc

Analysis

Childrens Legacy Theater Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2019, 7 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 September 2023, Childrens Legacy Theater Inc reported income of $467k and spending of $420k, spending 90% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $265k to $467k (+76%), an average of +76% a year. The sharpest change came in the year to September 2023, when income rose by 76%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Legacy Theater Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 42nd percentile within DC. Charities of a similar size with the same main cause include Pella Opera House Commission ($466k), Real News Project Inc ($467k) and Skidmark Cle ($466k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $149k against liabilities of $0, net assets of $149k.