Open Book Theatre Company

Analysis

Open Book Theatre Company is a registered charity in United States, based in Trenton, MI. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Open Book Theatre Company reported income of $184k and spending of $183k, spending 99% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $78k to $184k (+135%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 109%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Open Book Theatre Company 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 51st percentile within MI. Charities of a similar size with the same main cause include Master Arts Company ($184k), Historic Society of Kent County Maryland Inc ($184k) and Media Ecosystems Analysis Group ($184k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $43k against liabilities of $14k, net assets of $28k.