Theatre Y

Analysis

Theatre Y is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2008, 18 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, Theatre Y reported income of $898k and spending of $230k, leaving 74% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $163k to $898k (+452%), an average of +452% a year. The sharpest change came in the year to December 2023, when income rose by 452%. Over the whole period it spent 37% 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 Y sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Mississippi Heritage Trust ($897k), Westrick Music Academy Inc ($898k) and Spindrift School of Performing Arts Inc ($897k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 4.2% of the total. At year end it held assets of $1.5m against liabilities of $666k, net assets of $797k.