Theatre Three Productions Inc

Analysis

Theatre Three Productions Inc is a registered charity in United States, based in PRT Jefferson, NY. It received its IRS tax-exemption ruling in February 1971, 55 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 Three Productions Inc reported income of $1.3m and spending of $1.8m, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.3m (-8.9%), an average of -2.3% a year. The sharpest change came in the year to June 2022, when income rose by 202%. Over the whole period it spent 103% 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 Three Productions Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Joslyn Castle and Garden ($1.3m), Athletes for Israel Inc ($1.3m) and Central New York Community Arts Council Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 90% of the total. Other salaries and wages came to $599k. At year end it held assets of $454k against liabilities of $859k, net assets of -$404k. It reported 18 employees.