Truthbase Theatricals Inc

Analysis

Truthbase Theatricals Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in August 2013, 13 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, Truthbase Theatricals Inc reported income of $97k and spending of $83k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $97k (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 66%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Truthbase Theatricals 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 36th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Virginia Center for Public Press Inc ($97k), National Association of Academies of Science ($98k) and Tiskilwa Historical Society ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $168k against liabilities of $0, net assets of $168k.