Mad Cow Theatre Inc

Analysis

Mad Cow Theatre Inc is a registered charity in United States, based in Oakland, FL. It received its IRS tax-exemption ruling in November 1999, 27 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 June 2021, Mad Cow Theatre Inc reported income of $281k and spending of $834k, spending 297% of what it took in. Across the 3 years on record, from June 2019 to June 2021, income fell from $731k to $281k (-62%), an average of -38% a year. The sharpest change came in the year to June 2021, when income dropped by 52%. Over the whole period it spent 179% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mad Cow Theatre Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Healthy Brains Global Initiative Inc ($281k), Collide Theatrical Dance Company ($281k) and Alaska Youth Orchestras ($281k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 79% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $64k (7.7% of expenses). Other salaries and wages came to $262k. At year end it held assets of $3.0m against liabilities of $845k, net assets of $2.2m. It reported 25 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.