Newton Theatre Company Inc

Analysis

Newton Theatre Company Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. 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 August 2023, Newton Theatre Company Inc reported income of $161k and spending of $150k, spending 93% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $149k to $161k (+7.7%), an average of +7.7% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newton Theatre Company Inc 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 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Az Venom Bba ($161k), Washington Educational Research Association ($161k) and Smallworld Child Development Center of Brownwood ($161k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $148k against liabilities of $40k, net assets of $108k.