Tipping Point Theatre

Analysis

Tipping Point Theatre is a registered charity in United States, based in Northville, MI. It received its IRS tax-exemption ruling in March 2007, 19 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, Tipping Point Theatre reported income of $655k and spending of $587k, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $678k to $655k (-3.4%), an average of -0.7% a year. The sharpest change came in the year to June 2024, when income rose by 87%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tipping Point Theatre sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include George London Foundation for Singers Inc ($655k), World Ocean Council ($655k) and Mount Vernon Place Conservancy Inc ($655k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $75k (13% of expenses). Other salaries and wages came to $164k. At year end it held assets of $711k against liabilities of $242k, net assets of $469k. It reported 30 employees.