Theatre N

Analysis

Theatre N is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Theatre N reported income of $126k and spending of $154k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $225k to $126k (-44%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 152%. 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, Theatre N sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 38th percentile within DE. Charities of a similar size with the same main cause include Music and Arts Programs of America Inc ($126k), 18th Wonder Improvement Association ($126k) and Chamber of Commerce of Eastern Connecticut Foundation Inc ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $26k (17% of expenses). Other salaries and wages came to $23k. At year end it held assets of $21k against liabilities of $19k, net assets of $2,119. It reported 4 employees.