Theatre Tuscaloosa Inc

Analysis

Theatre Tuscaloosa Inc is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in October 1973, 53 years ago. 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 September 2023, Theatre Tuscaloosa Inc reported income of $299k and spending of $299k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $360k to $299k (-17%), an average of -4.5% a year. The sharpest change came in the year to September 2021, when income rose by 67%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Theatre Tuscaloosa Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within AL. Charities of a similar size with the same main cause include Second Mile Inc ($299k), All Charities Teamsters Fund ($299k) and Shadow Mountain Matador Parent Teacher Club ($299k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 40% of the total. Other salaries and wages came to $40k. At year end it held assets of $415k against liabilities of $27k, net assets of $388k. It reported 9 employees.