Openstage Theatre and Company

Analysis

Openstage Theatre and Company is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Openstage Theatre and Company reported income of $435k and spending of $480k, spending 111% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $372k to $435k (+17%), an average of +4.0% a year. The sharpest change came in the year to July 2022, when income rose by 106%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Openstage Theatre and Company sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include CCCD Foundation ($435k), Connecticut Dance School Inc ($435k) and Chocolate Church Arts Center ($435k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Other salaries and wages came to $132k. At year end it held assets of $207k against liabilities of $61k, net assets of $146k. It reported 6 employees.