Optimist Theatre Inc

Analysis

Optimist Theatre Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 1993, 33 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 December 2023, Optimist Theatre Inc reported income of $150k and spending of $140k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $147k to $150k (+1.8%), an average of +1.8% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Optimist Theatre Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within WI. Charities of a similar size with the same main cause include Daguerreian Society ($150k), Boise Hive ($150k) and Solomon Valley Cinema Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.8% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.