New Canon Theatre Co

Analysis

New Canon Theatre Co is a registered charity in United States, based in Seaside, CA. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Canon Theatre Co reported income of $134k and spending of $140k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $134k (+100%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Canon Theatre Co sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Engineers Alliance for the Arts ($134k), Gallery X Inc ($134k) and Tyler Parkcenter for the Arts ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $46k. At year end it held assets of $7,982 against liabilities of $28k, net assets of -$20k. It reported 24 employees.