Theatrezone Inc

Analysis

Theatrezone Inc is a registered charity in United States, based in Chelsea, MA. It received its IRS tax-exemption ruling in March 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 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, Theatrezone Inc reported income of $263k and spending of $307k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $263k (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatrezone Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Chamber Music Hawaii ($263k), Charlevoix Circle of Arts ($263k) and Cedarburg Performing Arts Center Inc ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 24% of the total. At year end it held assets of $2.0m against liabilities of $404k, net assets of $1.6m.