Tectonic Theater Project Inc

Analysis

Tectonic Theater Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1993, 33 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, Tectonic Theater Project Inc reported income of $1.6m and spending of $1.7m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tectonic Theater Project Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Kala Institute ($1.6m), Morgan County Foundation Inc ($1.6m) and Go for Broke National Education Center ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $312k (18% of expenses). Other salaries and wages came to $253k. At year end it held assets of $322k against liabilities of $84k, net assets of $238k. It reported 54 employees.