The Square Foot Theater Company Inc

Analysis

The Square Foot Theater Company Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in September 2013, 13 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 August 2023, The Square Foot Theater Company Inc reported income of $222k and spending of $238k, spending 107% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $160k to $222k (+39%), an average of +39% a year. The sharpest change came in the year to August 2023, when income rose by 39%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Square Foot Theater Company Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CT. Charities of a similar size with the same main cause include The Dalton Arts Project ($222k), Prism Gay Men and Allies Chorus Corporation ($222k) and Patio Playhouse ($222k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $24k (10% of expenses). At year end it held assets of $41k against liabilities of $24k, net assets of $17k. It reported 2 employees.