Refracted Theatre Company

Analysis

Refracted Theatre Company is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 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, Refracted Theatre Company reported income of $87k and spending of $109k, spending 125% of what it took in. Across the 3 years on record, from October 2022 to December 2023, income grew from $70k to $87k (+24%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 1932%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Refracted Theatre Company sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Performance Edge Inc ($87k), Strata Gallery ($87k) and Tampa International Fringe Festival Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $18k against liabilities of $3,000, net assets of $15k.