Thunder Bay Theatre Inc

Analysis

Thunder Bay Theatre Inc is a registered charity in United States, based in Alpena, MI. It received its IRS tax-exemption ruling in March 1984, 42 years ago. 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, Thunder Bay Theatre Inc reported income of $115k and spending of $22k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $347k to $115k (-67%), an average of -24% a year. The sharpest change came in the year to December 2023, when income rose by 451%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thunder Bay Theatre Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Legatus ($115k), Digestive Disease Natl Coalition ($115k) and Bells Crossing Elementary School PTA ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 3.5% of the total. At year end it held assets of $666k against liabilities of $273k, net assets of $393k.