Running to Places Theatre Company Limited

Analysis

Running to Places Theatre Company Limited is a registered charity in United States, based in Ithaca, NY. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Running to Places Theatre Company Limited reported income of $138k and spending of $214k, spending 155% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income fell from $249k to $138k (-45%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 3014%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Running to Places Theatre Company Limited sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include The Vigil Project Inc ($138k), National Society of the Daughters of the American Revolution ($138k) and Wake Forest Youth Ballet ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $50k (24% of expenses). At year end it held assets of $73k against liabilities of $0, net assets of $73k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.