Theatre Hall of Fame Inc

Analysis

Theatre Hall of Fame Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1979, 47 years ago. 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, Theatre Hall of Fame Inc reported income of $70k and spending of $89k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $77k to $70k (-8.8%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Theatre Hall of Fame Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include PTA Louisiana Congress ($70k), Panorama City Library Association ($70k) and Iowa Shares ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $0 against liabilities of $30k, net assets of -$30k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.