Theatre Tallahassee Inc

Analysis

Theatre Tallahassee Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in October 1952, 74 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 2023, Theatre Tallahassee Inc reported income of $511k and spending of $559k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $417k to $511k (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 185%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Tallahassee Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Sociedad de Investigacion Cientifica Inc ($510k), Louisville Story Program Inc ($511k) and Limon Train Ride & Heritage Society ($510k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $57k (10% of expenses). Other salaries and wages came to $105k. At year end it held assets of $1.5m against liabilities of $403k, net assets of $1.1m. It reported 10 employees.