Puppet Co

Analysis

Puppet Co is a registered charity in United States, based in Glen Echo, MD. It received its IRS tax-exemption ruling in January 1990, 36 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, Puppet Co reported income of $430k and spending of $451k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $410k to $430k (+4.8%), an average of +1.2% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Puppet Co sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Japanfest Inc ($430k), Emerald City Music ($430k) and Fairfield County Childrens Choir Inc ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $135k (30% of expenses). Other salaries and wages came to $110k. At year end it held assets of $206k against liabilities of $41k, net assets of $165k. It reported 35 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.