Capitol Theatre Foundation

Analysis

Capitol Theatre Foundation is a registered charity in United States, based in Chambersburg, PA. It received its IRS tax-exemption ruling in January 2003, 23 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, Capitol Theatre Foundation reported income of $437k and spending of $548k, spending 125% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $388k to $437k (+13%), an average of +3.0% a year. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capitol Theatre Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Second Chance DV Sa Shelter ($437k), New Energy Foundation Inc ($437k) and Global Social Services ($437k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 38% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $45k (8.2% of expenses). Other salaries and wages came to $113k. It paid $19k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $306k, net assets of $1.6m. It reported 7 employees.