Central Stage Theatre of County Kitsap

Analysis

Central Stage Theatre of County Kitsap is a registered charity in United States, based in Silverdale, WA. It received its IRS tax-exemption ruling in November 1987, 39 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 December 2023, Central Stage Theatre of County Kitsap reported income of $74k and spending of $99k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $203k to $74k (-63%), an average of -22% a year. The sharpest change came in the year to December 2020, when income rose by 175%. Over the whole period it spent 134% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Central Stage Theatre of County Kitsap sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 24th percentile within WA. Charities of a similar size with the same main cause include Rosana Gamson-World Wide ($74k), Memories Live Foundation ($74k) and American Council for Polish Culture Incorporated ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $25k (25% of expenses). At year end it held assets of $122k against liabilities of $0, net assets of $122k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.