The Gift Theatre Company

Analysis

The Gift Theatre Company is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2002, 24 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, The Gift Theatre Company reported income of $193k and spending of $264k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $373k to $193k (-48%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 99% 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 Gift Theatre Company sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include The Little Opera Theatre of Ny Inc ($193k), Society for the Preservation of New England Antiquities Inc ($193k) and Painting Center Inc ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 14% of the total. At year end it held assets of $67k against liabilities of $767, net assets of $66k. It reported 2 employees.