Steep Theatre Company

Analysis

Steep Theatre Company is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2001, 25 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 August 2023, Steep Theatre Company reported income of $564k and spending of $475k, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $448k to $564k (+26%), an average of +5.9% a year. The sharpest change came in the year to August 2022, when income rose by 199%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Steep Theatre Company sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Korsa Musical Theater ($564k), On Stage Vacaville ($564k) and Essex Art Center Inc ($564k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 92% and program service revenue 6.9% of the total. Other salaries and wages came to $175k. At year end it held assets of $2.4m against liabilities of $1.2m, net assets of $1.2m. It reported 9 employees.