Theatre North

Analysis

Theatre North is a registered charity in United States, based in Ironwood, MI. It received its IRS tax-exemption ruling in November 1989, 37 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 June 2023, Theatre North reported income of $71k and spending of $35k, leaving 51% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $61k to $71k (+16%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre North sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within MI. Charities of a similar size with the same main cause include Polaris Productions ($71k), Historic Pocahontas Inc ($71k) and Marquee Inc ($71k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.