Freefall Theatre Inc

Analysis

Freefall Theatre Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in July 2010, 16 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 2023, Freefall Theatre Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.4m (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Freefall Theatre Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Friends of Chamber Music ($1.4m), Couse Foundation ($1.4m) and The Sawtooth School for Visual Art ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $31k (2.2% of expenses). Other salaries and wages came to $550k. At year end it held assets of $569k against liabilities of $723k, net assets of -$154k. It reported 35 employees.