MISSION
Possibilities Theatre Company aims to support, promote, advance, and pursue cultural diversity and inclusivity in the performing arts through education and training on the craft of performance art and providing performances to local communities.
DEMOGRAPHIC
ADDRESS
1061 W ROSEMONT AVE APT 307
60660
COUNTY
cook county, IL
IN CARE OF NAME
MELODY DEROGATIS
ORGANIZATIONAL OVERVIEW & RANKINGS
POSSIBILITIES THEATRE COMPANY is a based in CHICAGO, IL, focused on Arts, Culture and Humanities causes , specifically Theater. Established in December 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,488,967 among 2,656,690 nonprofits nationally (Top 94%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 79,042 out of 106,037 organizations in IL (Top 75%).
In cook county, IL, the organization ranks 36,685 out of 46,103 nonprofits by assets (Top 80%), while locally in chicago, it stands at 27,458 among 28,197 organizations (Top 98%).
The organization reported no revenue in the most recent filing period, placing it at 2,213,141 nationally and 98,034 in IL.
Within its specific NTEE classification (A65 - A: Arts, Culture and Humanities), which includes 6,834 similar organizations, POSSIBILITIES THEATRE COMPANY ranks 6,486 in assets (Top 95%) and 6,406 in revenue (Top 94%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A65: Theater
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
12/2021
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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