Grippo Stage Company Inc

Analysis

Grippo Stage Company Inc is a registered charity in United States, based in Park Ridge, IL. It received its IRS tax-exemption ruling in August 2014, 12 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, Grippo Stage Company Inc reported income of $67k and spending of $134k, spending 200% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $246k to $67k (-73%), an average of -73% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grippo Stage Company Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within IL. Charities of a similar size with the same main cause include Carolina Kannada Balaga ($67k), Pocatello Art Center ($67k) and Consuming Fire School of Dance and Fitness Center Inc ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $49k against liabilities of $4,262, net assets of $45k.