Theatre Arts for Kids

Analysis

Theatre Arts for Kids is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in September 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, Theatre Arts for Kids reported income of $219k and spending of $227k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $348k to $219k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Arts for Kids 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 NE. Charities of a similar size with the same main cause include Hiohia ($219k), Artsmart ($219k) and Sleepy Hollow Performing Artists Inc ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $30k (13% of expenses). At year end it held assets of $224k against liabilities of $56, net assets of $224k. It reported 1 employees.