Corrib Theatre

Analysis

Corrib Theatre is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 1991, 35 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, Corrib Theatre reported income of $219k and spending of $288k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $139k to $219k (+57%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 70%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Corrib Theatre 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 55th percentile within OR. Charities of a similar size with the same main cause include Talons Out Honor Flight Inc ($219k), Flint Community Players Inc ($219k) and Aloha Kuamoo Aina ($219k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $143k (50% of expenses). Other salaries and wages came to $25k. At year end it held assets of $229k against liabilities of $6,446, net assets of $223k. It reported 21 employees.