Taffety Punk Theatre Inc

Analysis

Taffety Punk Theatre Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2007, 19 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, Taffety Punk Theatre Inc reported income of $172k and spending of $202k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $280k to $172k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Taffety Punk Theatre Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 27th percentile within DC. Charities of a similar size with the same main cause include Petaluma Wildlife and Natural Science Museum ($172k), Saving a Heros Place ($172k) and Classical Music Festival Eisenstadter Sommerakademie ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.