Cocoon Theatre Inc

Analysis

Cocoon Theatre Inc is a registered charity in United States, based in Red Hook, NY. It received its IRS tax-exemption ruling in December 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cocoon Theatre Inc reported income of $52k and spending of $83k, spending 159% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $52k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cocoon Theatre Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Artemisia - a Chicago Theatre - NFP ($52k), The Colorado Section of the American Chemical Society ($52k) and Sparta Historical Society Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.