Planet Ant Theatre Inc

Analysis

Planet Ant Theatre Inc is a registered charity in United States, based in Hamtramck, MI. It received its IRS tax-exemption ruling in April 1999, 27 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 2022, Planet Ant Theatre Inc reported income of $465k and spending of $567k, spending 122% of what it took in. Across the 4 years on record, from August 2019 to August 2022, income grew from $332k to $465k (+40%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 104%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Planet Ant Theatre Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Lockport Community Television Inc ($465k), Academie Musique ($466k) and Mandala South Asian Performing Arts Inc ($465k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $227k. At year end it held assets of $539k against liabilities of $520k, net assets of $19k. It reported 19 employees.