Out of Hand Theater Inc

Analysis

Out of Hand Theater Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 2002, 24 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, Out of Hand Theater Inc reported income of $910k and spending of $857k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $328k to $910k (+178%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 138%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Out of Hand Theater Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Frank Lloyd Wright Building Conservancy ($910k), Saint Paul Festival and Heritage Foundation ($911k) and James and Dorothy Doss Heritage and Culture Center of Parker Count ($910k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $246k (29% of expenses). Other salaries and wages came to $125k. At year end it held assets of $412k against liabilities of $36k, net assets of $375k. It reported 9 employees.