Circle X Theatre Co

Analysis

Circle X Theatre Co is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2018, 8 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, Circle X Theatre Co reported income of $432k and spending of $428k, spending 99% of its income. Across the 6 years on record, from August 2018 to August 2023, income grew from $373k to $432k (+16%), an average of +3.0% a year. The sharpest change came in the year to August 2022, when income rose by 269%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Circle X Theatre Co 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 70th percentile within CA. Charities of a similar size with the same main cause include Creative Arts Center in Chatham Inc ($432k), Hammonds House Galleries Inc ($432k) and Calusa Nature Center & Planetarium Inc ($432k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 37% and program service revenue 5.2% of the total. At year end it held assets of $470 against liabilities of $0, net assets of $470.