Thinking Cap Theatre Inc

Analysis

Thinking Cap Theatre Inc is a registered charity in United States, based in Ft Lauderdale, FL. 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 December 2023, Thinking Cap Theatre Inc reported income of $186k and spending of $82k, leaving 56% of income unspent that year. Across the 4 years on record, from December 2018 to December 2023, income grew from $59k to $186k (+216%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 208%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thinking Cap 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 56th percentile within FL. Charities of a similar size with the same main cause include Holocaust Resource Foundation Inc ($186k), Thingamajigs ($186k) and National Society of the Daughters of the American Revolution ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. At year end it held assets of $111k against liabilities of $20k, net assets of $91k.