Team Theatrics Inc

Analysis

Team Theatrics Inc is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Team Theatrics Inc reported income of $979k and spending of $907k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $282k to $979k (+247%), an average of +51% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Theatrics Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include California Odyssey Soccer Club ($978k), California Aquatic Therapy & Wellness Center Inc ($980k) and Oakland Live Yers Inc ($978k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $168k (19% of expenses). Other salaries and wages came to $282k. At year end it held assets of $302k against liabilities of $4,492, net assets of $297k.