Theatre Communications Group Inc

Analysis

Theatre Communications Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Theatre Communications Group Inc reported income of $5.8m and spending of $6.5m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.3m to $5.8m (-21%), an average of -5.7% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Theatre Communications Group Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Lacasa ($5.8m), The John Crosland School ($5.8m) and Food Pantry of Waukesha County Inc ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $286k (4.4% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $7.8m against liabilities of $1.4m, net assets of $6.4m. It reported 74 employees.