Theater League Inc

Analysis

Theater League Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in August 1976, 50 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, Theater League Inc reported income of $5.4m and spending of $5.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.4m to $5.4m (-48%), an average of -15% a year. The sharpest change came in the year to December 2023, when income rose by 174%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theater League Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include National Art Education Association ($5.4m), Golden Gate Performing Arts ($5.4m) and Jefferson National Parks Association Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 90% of the total. At year end it held assets of $27.5m against liabilities of $674k, net assets of $26.8m.