Serendipity Theatre Co

Analysis

Serendipity Theatre Co is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2000, 26 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 July 2024, Serendipity Theatre Co reported income of $491k and spending of $585k, spending 119% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $244k to $491k (+102%), an average of +15% a year. The sharpest change came in the year to July 2023, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Serendipity Theatre Co sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Opera Company of Middlebury Inc ($491k), Olympia Fields Country Club Historic Landmark Preservation Fou ($491k) and Chicago Dancemakers Forum ($491k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $70k (12% of expenses). Other salaries and wages came to $211k. At year end it held assets of $364k against liabilities of $56k, net assets of $308k. It reported 6 employees.