Theatreworks of Northern Nevada

Analysis

Theatreworks of Northern Nevada is a registered charity in United States, based in Sparks, NV. It received its IRS tax-exemption ruling in October 2006, 20 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 December 2023, Theatreworks of Northern Nevada reported income of $54k and spending of $81k, spending 150% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $89k to $54k (-39%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatreworks of Northern Nevada sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NV. Charities of a similar size with the same main cause include Fort Knox Spouses and Community Club Inc ($54k), Old Slater Mill Association ($54k) and Ko-Falen Cultural Center ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.