Definition Theatre Company

Analysis

Definition Theatre Company is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Definition Theatre Company reported income of $934k and spending of $522k, leaving 44% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $402k to $934k (+133%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 189%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Definition Theatre Company sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Alexandria Seaport Foundation ($934k), Theatre Bay Area ($935k) and Childrens Museum of the Arts Inc ($934k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $100k (19% of expenses). Other salaries and wages came to $94k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 4 employees.