Three Bone Theatre Inc

Analysis

Three Bone Theatre Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Three Bone Theatre Inc reported income of $188k and spending of $152k, spending 81% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $112k to $188k (+68%), an average of +68% a year. The sharpest change came in the year to October 2023, when income rose by 68%. 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, Three Bone Theatre Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Mount Calvary Academy of Music ($188k), Tri-Cities Puentes Initiative ($188k) and Chiarina ($188k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. At year end it held assets of $237k against liabilities of $50k, net assets of $187k.