Wheelhouse Theater Company Inc

Analysis

Wheelhouse Theater Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 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 December 2023, Wheelhouse Theater Company Inc reported income of $205k and spending of $46k, leaving 77% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $808k to $205k (-75%), an average of -50% a year. The sharpest change came in the year to December 2023, when income rose by 1364947%. 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, Wheelhouse Theater Company Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Allies Dream Inc ($205k), Chalk It Up to Sacramento Its the Chalk of the Town ($205k) and Pioneer Engineers Club of Indiana Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $89k against liabilities of $462k, net assets of -$374k.