Theatre Espresso Incorporated

Analysis

Theatre Espresso Incorporated is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in June 1994, 32 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 2023, Theatre Espresso Incorporated reported income of $77k and spending of $76k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $133k to $77k (-42%), an average of -42% a year. The sharpest change came in the year to June 2023, when income dropped by 42%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Espresso Incorporated sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Jewish Plays Project ($77k), 55 Mercer Street Artists Inc ($77k) and Hardwick Community Television Inc ($77k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $56k against liabilities of $1,151, net assets of $55k.