Towle Performing Arts Company

Analysis

Towle Performing Arts Company is a registered charity in United States, based in Hammond, IN. It received its IRS tax-exemption ruling in February 2017, 9 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, Towle Performing Arts Company reported income of $250k and spending of $266k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $250k (+7.2%), an average of +1.8% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Towle Performing Arts Company sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IN. Charities of a similar size with the same main cause include Copper Street Brass Quintet Non Profit ($250k), Aiken Performing Arts Group Inc ($250k) and Theatre Off Jackson ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $74k (28% of expenses). Other salaries and wages came to $73k. At year end it held assets of $175k against liabilities of $0, net assets of $175k. It reported 3 employees.