Theater Mitu Inc

Analysis

Theater Mitu Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2004, 22 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 December 2023, Theater Mitu Inc reported income of $230k and spending of $397k, spending 173% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $270k to $230k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theater Mitu Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Arts in Education of the Gorge ($230k), Foundation for Spirituality and the Arts Inc ($230k) and Friends of Prescott Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $58k (15% of expenses). Other salaries and wages came to $95k. At year end it held assets of $496k against liabilities of $10k, net assets of $486k. It reported 9 employees.