Itheatre Collaborative

Analysis

Itheatre Collaborative is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 2003, 23 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, Itheatre Collaborative reported income of $52k and spending of $65k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $52k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 149% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Itheatre Collaborative 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 18th percentile within AZ. Charities of a similar size with the same main cause include Sweet Adelines International ($52k), Zeuss Thigh Ltd ($52k) and Institute for Energy and Climate Strategies 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 $10k against liabilities of $0, net assets of $10k.