Theatre 121 Inc

Analysis

Theatre 121 Inc is a registered charity in United States, based in Woodstock, IL. It received its IRS tax-exemption ruling in July 2019, 7 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 2024, Theatre 121 Inc reported income of $156k and spending of $163k, spending 104% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $183k to $156k (-15%), an average of -15% a year. Over the whole period it spent 109% 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 121 Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Mayan Warrior Foundation ($156k), Expect Renaissance Inc ($156k) and Warren County Historical Society ($156k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 83% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.