Theater Project

Analysis

Theater Project is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in June 2003, 23 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 Project reported income of $166k and spending of $163k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $166k (+75%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 106% 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 Project sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 42nd percentile within ME. Charities of a similar size with the same main cause include Four Seasons Theatre Company ($166k), Satellite Collective Inc ($166k) and Erisat-Eritrean Satellite Television ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $86k against liabilities of $1,551, net assets of $84k.