Theatre Squared Inc

Analysis

Theatre Squared Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in February 2005, 21 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 June 2023, Theatre Squared Inc reported income of $5.7m and spending of $7.1m, spending 124% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $10.5m to $5.7m (-45%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 67% 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 Squared Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within AR. Charities of a similar size with the same main cause include Alcor Life Extension Foundation Inc ($5.7m), The Laundromat Project Inc ($5.7m) and Nido & Mariana Qubein Childrens Museum ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $36.6m against liabilities of $4.9m, net assets of $31.7m. It reported 234 employees.