Detroit Puppet Company

Analysis

Detroit Puppet Company is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 2015, 11 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 August 2023, Detroit Puppet Company reported income of $222k and spending of $252k, spending 114% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income fell from $270k to $222k (-18%), an average of -6.3% a year. The sharpest change came in the year to August 2023, when income dropped by 30%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Detroit Puppet Company sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Assoc of Computer Science Leagues Inc ($222k), Savoy Company ($222k) and Merced County Historical Society a California Nonprofit Corporation ($222k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $76k (30% of expenses). Other salaries and wages came to $50k. At year end it held assets of $340k against liabilities of $121k, net assets of $219k. It reported 5 employees.