Puppeteers of America Inc

Analysis

Puppeteers of America Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 1975, 51 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, Puppeteers of America Inc reported income of $539k and spending of $692k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $539k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Puppeteers of America Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include U N C a Award Committee Inc ($538k), Jackson County Public Library ($539k) and Westcott House Foundation ($538k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. At year end it held assets of $470k against liabilities of $395, net assets of $469k.