Timber Lake Playhouse

Analysis

Timber Lake Playhouse is a registered charity in United States, based in Mount Carroll, IL. It received its IRS tax-exemption ruling in May 1965, 61 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, Timber Lake Playhouse reported income of $1.7m and spending of $1.8m, spending 105% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $1.3m to $1.7m (+33%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 1108%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Timber Lake Playhouse sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Jose Limon Dance Foundation ($1.7m), United Photo Industries Inc ($1.7m) and The Korners Folly Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 47% of the total. Other salaries and wages came to $695k. At year end it held assets of $1.2m against liabilities of $624k, net assets of $547k. It reported 174 employees.