Theatre Consortium of Silver Spring

Analysis

Theatre Consortium of Silver Spring is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 2014, 12 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 June 2023, Theatre Consortium of Silver Spring reported income of $198k and spending of $179k, spending 90% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $269k to $198k (-26%), an average of -26% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Consortium of Silver Spring sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Arts on Tap Inc ($198k), Greater Patchogue Foundation Inc ($198k) and Ateneo Dominicano de Nueva Inglaterra ($198k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 54% of the total. At year end it held assets of $146k against liabilities of $5,908, net assets of $141k.