Tremont Theatre Inc

Analysis

Tremont Theatre Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1997, 29 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Tremont Theatre Inc reported income of $3.5m and spending of $4.9m, spending 139% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $6.1m to $3.5m (-42%), an average of -13% a year. The sharpest change came in the year to May 2022, when income rose by 7911%. Over the whole period it spent 129% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tremont Theatre Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Great Lakes Observing System Regional Association ($3.5m), Charleston Stage Company ($3.5m) and Energy Innovation Center Institute Inc ($3.5m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 108% of the total. Other salaries and wages came to $371k. At year end it held assets of $5.6m against liabilities of $10.9m, net assets of -$5.2m. It reported 252 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.