Theatrezone Inc

Analysis

Theatrezone Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in July 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 2024, Theatrezone Inc reported income of $1.1m and spending of $1.3m, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $752k to $1.1m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2022, when income rose by 172%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatrezone Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Atlantic Impact ($1.1m), Kankouran West African Dance Co ($1.1m) and Fasny Museum of Firefighting ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $68k (5.4% of expenses). Other salaries and wages came to $63k. At year end it held assets of $592k against liabilities of $329k, net assets of $263k. It reported 2 employees.