Theatre for Young America Inc

Analysis

Theatre for Young America Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in December 1982, 44 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 August 2023, Theatre for Young America Inc reported income of $224k and spending of $230k, spending 102% of its income. Across the 4 years on record, from August 2019 to August 2023, income fell from $227k to $224k (-1.0%), an average of -0.3% a year. The sharpest change came in the year to August 2023, when income rose by 50%. Over the whole period it spent 111% 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 for Young America Inc 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 53rd percentile within MO. Charities of a similar size with the same main cause include Redwood County Historical Society ($224k), Artlife Productions Inc ($224k) and State Theater Company ($224k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $40k (17% of expenses). Other salaries and wages came to $72k. At year end it held assets of $21k against liabilities of $42k, net assets of -$20k. It reported 9 employees.