Springfield Contemporary Theatre Inc

Analysis

Springfield Contemporary Theatre Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in January 2014, 12 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 2024, Springfield Contemporary Theatre Inc reported income of $259k and spending of $374k, spending 144% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $537k to $259k (-52%), an average of -30% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Springfield Contemporary Theatre Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within MO. Charities of a similar size with the same main cause include Oak Harbor Music Festival ($259k), Greater Cleveland Urban Film Foundation ($259k) and Relentless Academy ($259k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $47k (13% of expenses). Other salaries and wages came to $80k. At year end it held assets of $216k against liabilities of $68k, net assets of $148k. It reported 7 employees.