Theatrical Outfit Inc

Analysis

Theatrical Outfit Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 1977, 49 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Theatrical Outfit Inc reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.7m (-0.4%), an average of -0.1% a year. The sharpest change came in the year to June 2020, when income rose by 84%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatrical Outfit Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include B B King Museum and Delta Interpretive Center ($1.7m), The Delaplaine Arts Center Inc ($1.7m) and Bach Festival Society of Winter Park ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $65k (3.7% of expenses). Other salaries and wages came to $856k. At year end it held assets of $6.8m against liabilities of $208k, net assets of $6.6m. It reported 40 employees.