Anchorage Community Theatre Inc

Analysis

Anchorage Community Theatre Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in July 1961, 65 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Anchorage Community Theatre Inc reported income of $219k and spending of $238k, spending 109% of what it took in. Across the 3 years on record, from August 2021 to August 2023, income grew from $137k to $219k (+60%), an average of +26% a year. The sharpest change came in the year to August 2022, when income rose by 45%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Anchorage Community Theatre Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 50th percentile within AK. Charities of a similar size with the same main cause include Jain Society of Oregon and SW Washington ($219k), LA Contemporary Dance ($219k) and Milwaukee Artist Resource Network ($219k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $55k (23% of expenses). Other salaries and wages came to $41k. At year end it held assets of $145k against liabilities of $7,086, net assets of $138k. It reported 3 employees.

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.