Theorem Media Inc

Analysis

Theorem Media Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in April 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, Theorem Media Inc reported income of $367k and spending of $344k, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $200k to $367k (+83%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theorem Media Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Exhibit J Inc ($367k), Kingsport Ballet ($367k) and North Dakota Bar Foundation Inc ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $98k (29% of expenses). At year end it held assets of $113k against liabilities of $6,030, net assets of $107k.