Torn Space Theater Inc

Analysis

Torn Space Theater Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 2008, 18 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, Torn Space Theater Inc reported income of $959k and spending of $363k, leaving 62% of income unspent that year. Across the 5 years on record, from September 2019 to December 2023, income grew from $529k to $959k (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 1920%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Torn Space Theater Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Houston Youth Symphony ($959k), Goodwill Theatre Inc ($959k) and Delaware Celebration of Jazz Inc ($959k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Other salaries and wages came to $86k. At year end it held assets of $2.7m against liabilities of $9,380, net assets of $2.7m. It reported 5 employees.