My Nose Turns Red Theatre Company

Analysis

My Nose Turns Red Theatre Company is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in April 1994, 32 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, My Nose Turns Red Theatre Company reported income of $141k and spending of $194k, spending 138% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $219k to $141k (-36%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, My Nose Turns Red Theatre Company sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within KY. Charities of a similar size with the same main cause include Arts Visalia ($141k), Ballet Wooster ($141k) and Puget Soundworks ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $87k (45% of expenses). Other salaries and wages came to $40k. At year end it held assets of $31k against liabilities of $34k, net assets of -$3,704. It reported 11 employees.