Powerstories Theatre of Tampa Bay Inc

Analysis

Powerstories Theatre of Tampa Bay Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in February 2003, 23 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 December 2023, Powerstories Theatre of Tampa Bay Inc reported income of $229k and spending of $170k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $229k (+159%), an average of +159% a year. The sharpest change came in the year to December 2023, when income rose by 159%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Powerstories Theatre of Tampa Bay Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Mint Hill Historical Society ($229k), Carmel Bach Festival Foundation Inc ($229k) and Encore Theatrical Company ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.9% of the total. At year end it held assets of $188k against liabilities of $2,166, net assets of $186k.