Creative Theatre Experience Assoc

Analysis

Creative Theatre Experience Assoc is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in May 1994, 32 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, Creative Theatre Experience Assoc reported income of $90k and spending of $135k, spending 150% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $180k to $90k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Creative Theatre Experience Assoc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within WA. Charities of a similar size with the same main cause include Paper Circle ($90k), New Jersey Propane Education and Research Foundation ($90k) and Milan Village Arts School Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 75% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.