Physical Theater Festival Incorporated

Analysis

Physical Theater Festival Incorporated is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Physical Theater Festival Incorporated reported income of $78k and spending of $85k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $78k (+37%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Physical Theater Festival Incorporated sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include Ballet Education & Scholarship Fund ($78k), United States Stamp Society ($78k) and David Z Foundation ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $172 against liabilities of $7,125, net assets of -$6,953.