Theatreworks New Milford

Analysis

Theatreworks New Milford is a registered charity in United States, based in New Milford, CT. It received its IRS tax-exemption ruling in March 1968, 58 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 December 2023, Theatreworks New Milford reported income of $173k and spending of $174k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $173k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatreworks New Milford sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within CT. Charities of a similar size with the same main cause include Chicago Chorale ($173k), North American Plant Phenotyping Network ($173k) and Philemon Foundation ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $210k against liabilities of $601, net assets of $210k.