Theater 2020 Inc

Analysis

Theater 2020 Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 1994, 32 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 2024, Theater 2020 Inc reported income of $51k and spending of $63k, spending 124% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $54k to $51k (-5.6%), an average of -5.6% a year. Over the whole period it spent 125% 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 2020 Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include New England Motorcycle Museum Inc ($51k), Opportunity 4 Entertainers and Performing Arts ($51k) and Friends of the Marengo Big Springs Old Town Church ($51k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 33% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.