Thingamajig Theatre Company

Analysis

Thingamajig Theatre Company is a registered charity in United States, based in Pagosa SPGS, CO. It received its IRS tax-exemption ruling in March 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thingamajig Theatre Company reported income of $543k and spending of $507k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $700k to $543k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thingamajig Theatre Company sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Childrens Museum of Oswego ($543k), Lovington Mainstreet Corporation ($543k) and Now Initiative ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $35k (6.9% of expenses). At year end it held assets of $888k against liabilities of $65k, net assets of $823k. It reported 2 employees.