Ragamuffin Theatre & Company Inc

Analysis

Ragamuffin Theatre & Company Inc is a registered charity in United States, based in Charlevoix, MI. It received its IRS tax-exemption ruling in September 2024, 2 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, Ragamuffin Theatre & Company Inc reported income of $50k and spending of $45k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $50k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ragamuffin Theatre & Company Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within MI. Charities of a similar size with the same main cause include Flatwater Shakespeare Company ($50k), Starstruck Theatre Inc ($51k) and Iranian Cultural Society of America-Shabahang-Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.