Theatre B

Analysis

Theatre B is a registered charity in United States, based in Moorhead, MN. It received its IRS tax-exemption ruling in September 2004, 22 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 July 2024, Theatre B reported income of $231k and spending of $269k, spending 116% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $198k to $231k (+17%), an average of +3.1% a year. The sharpest change came in the year to July 2022, when income rose by 38%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre B sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Wentworth Military Academy Museum Inc ($231k), Looking for Lilith ($231k) and North Carolina Association for the Gifted and Talented Incorporated N ($231k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $103k (38% of expenses). At year end it held assets of $139k against liabilities of $932, net assets of $138k. It reported 4 employees.