Arts, Culture & Humanities (A650) IRS Verified DX Registered 990 on File

THEATREWORKS USA CORP

EIN: 13-2583793 · NEW YORK, NY 10001-5300 · United States · FY 2023 Data

3 out of 5 53 / 100 Based on 2+ years of filings

Financial strength (30%) 66/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

Since 1967, TheaterWorksUSA (TWUSA) has created exceptional theatrical experiences with performances for young and family audiences in diverse communities throughout New York City and North America. For nearly 60 years, we have been a trailblazer in the not-for-profit theater space, leading the evolution of theater for young audiences and contributing to the 21st-century canon by developing over 140 original plays and musicals. Each year, we bring our productions to more than 440 communities across the country. Since our founding, over 100 million children, educators, and families have experienced live theater with a TWUSA production, often for the very first time. TWUSA’s programming aims to inspire young people with a sense of hope for the future while also instilling in them a sense of responsibility to the world around them. Our programs include North American tours, which bring original plays and musicals to communities nationwide; the development of new theater works that expand and elevate theater for young audiences; and the creation and dissemination of study guides that support in-classroom instruction related to TWUSA productions.

Financial Overview — FY 2023

$6.9M

Total Revenue

$7.4M

Total Expenses

$3.1M

Net Assets

305

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 85.1%

Fundraising Efficiency 186.9%

Operating Reserve 5.08x

Liability-to-Asset 41.0%

Revenue Diversification 76.7%

Executive Compensation $378K

Compared with Peers

FY 2023

Compared with 4,649 similar organizations (United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	85.1%	77.9%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	13.0%	14.6%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	1.9%	5.5%	P10P90	Above median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	186.9%	251.0%	P10P90	Above median
Operating reserve Months of expenses covered by net assets · higher is better	5.1 mo	16.8 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	41.0%	10.7%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	76.7%	74.6%	P10P90	Below median
Revenue growth Year over year revenue growth	-9.4%	3.6%	P10P90
Expense growth Year over year expense growth	63.2%	13.1%	P10P90
Surplus margin Surplus as a share of revenue	-7.2%	-0.9%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$6.9M	$7.4M	$3.1M	85.1%	305
2022	$7.6M	$4.5M	$3.6M	77.2%	241
2021	$2.9M	$1.9M	N/A	—	165

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Organization Details

EIN: 13-2583793
State: NY
City: NEW YORK
ZIP: 10001-5300
Classification: A650
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1967
Foundation Code: 16
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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