Theater Bug Inc

Analysis

Theater Bug Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 2012, 14 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Theater Bug Inc reported income of $493k and spending of $410k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $152k to $493k (+225%), an average of +34% a year. The sharpest change came in the year to June 2020, when income rose by 139%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theater Bug Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Americana Music Association Foundation ($493k), Anacortes Arts Festival ($493k) and Russian Children Studio of Language Arts and Culture Inc ($493k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $166k. At year end it held assets of $280k against liabilities of $0, net assets of $280k.