Theatre Nova

Analysis

Theatre Nova is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in November 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, Theatre Nova reported income of $266k and spending of $271k, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $211k to $266k (+26%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 103% 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 Nova sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Pennsylvania State Police Historical Educational & Memorial ($266k), Lake George Arts Project Inc ($266k) and Urantia Association International ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $58k (21% of expenses). Other salaries and wages came to $12k. At year end it held assets of $39k against liabilities of $9,508, net assets of $29k.