Compass Rose Studio Theater

Analysis

Compass Rose Studio Theater is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in September 2011, 15 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 June 2024, Compass Rose Studio Theater reported income of $246k and spending of $236k, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $197k to $246k (+25%), an average of +4.6% a year. The sharpest change came in the year to June 2023, when income rose by 360%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Compass Rose Studio Theater sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include American Flight Museum Inc ($246k), Associated Baptist Press Foundation Inc ($246k) and Monterey Peninsula Ballet Theatre Corp ($246k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $62k (26% of expenses). Other salaries and wages came to $33k. At year end it held assets of $48k against liabilities of $0, net assets of $48k. It reported 3 employees.