Theater in the Round Players

Analysis

Theater in the Round Players is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 1964, 62 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 August 2024, Theater in the Round Players reported income of $515k and spending of $509k, spending 99% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $345k to $515k (+49%), an average of +11% a year. The sharpest change came in the year to August 2023, when income rose by 74%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theater in the Round Players sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Cincinnati Preservation Association ($515k), National Opera House ($515k) and CTSB Corp ($515k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 37% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $63k (12% of expenses). Other salaries and wages came to $156k. At year end it held assets of $1.1m against liabilities of $219k, net assets of $857k. It reported 6 employees.