Debut Theater Company

Analysis

Debut Theater Company is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in April 1993, 33 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, Debut Theater Company reported income of $180k and spending of $134k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $180k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Debut Theater Company sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within CO. Charities of a similar size with the same main cause include Russian Cultural Center-Our Texas ($180k), Abundance Academy of the Arts Inc ($180k) and Eagles Mere Historic Village Inc ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 15% of the total. At year end it held assets of $247k against liabilities of $783, net assets of $246k.