Centerstage Theatre Arts Conservatory Inc

Analysis

Centerstage Theatre Arts Conservatory Inc is a registered charity in United States, based in Federal Way, WA. It received its IRS tax-exemption ruling in June 1981, 45 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 2023, Centerstage Theatre Arts Conservatory Inc reported income of $351k and spending of $361k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $269k to $351k (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Centerstage Theatre Arts Conservatory Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Garibaldina Society ($351k), Port Tobacco Players Inc ($351k) and Flyaway Productions ($351k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $81k (22% of expenses). Other salaries and wages came to $37k. At year end it held assets of $47k against liabilities of $12k, net assets of $35k. It reported 12 employees.