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Target Margin Theater Inc

EIN 13-3697027 · Brooklyn, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood89 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

To create radically re-imagined versions of classics and new creations inspired by existing sources.

Income
$1.0 million
Spending
$974,004
Spent on programs
71%
Reserves
8.3 months of spending
Largest source of income
donations and private grants, 68%
Employees
70
Volunteers
10
Highest pay
$88,787, artistic dir.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 89 out of 100. Higher than 76% of charities in its peer group (arts and culture, $1m to $10m).

  • Reserves

    28 of 35

    Spendable reserves would cover 8.3 months of spending.

  • Debt

    16 of 20

    It owes 26% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 3% of income.

  • Income trend

    15 of 15

    Income rose 14% on the year before.

  • Spending floor

    15 of 15

    71% of spending went to programs and raising each dollar of donations cost 12 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 65% of charities in its peer group (arts and culture, $1m to $10m).

  • Independent board

    25 of 25

    7 of 8 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $691,540 spent. Target Margin Theater had a fulfilling 2024/2025 season. Our seasons performance program was anchored by a new production of "Show Boat: A River," directed by David Herskovits and presented in collaboration with NYU Skirball Center. This bold new adaptation reframed the classic 1929 musical "Show Boat" for todays audience. Rehearsals began in November 2024, featuring an updated vocal and orchestral score, and a primarily BIPOC design team and cast of 10. Performances ran from January 9 26, 2025 at NYU Skirball Center with 6,304 audience members attending. Target Margin also hosted The Exponential Festival in January 2025 in The Doxsee Theater. Productions included Music created by Hayley Stahl, Gilda, with an Olive created and performed by Sophie Zmorrod, Ama created by Kenneth Keng, and winter solstice created and directed by Lal Ensari. Performances ran from 1/17 2/1/2025, with 510 audience members attending. Supporting artists has always been an integral part of TMTs mission. The TMT Institute continued this season with a new cohort of artists: Sarah Bellin, Ana Cantorn, Alyssa Haddad-Chin, Carl Holder, and Faith Zambl. Fellows are supported with space, material resources and a $2,000 stipend. On Sunday, June 8th, TMT held an Open Studio to invite our community to share in what the fellows had been exploring. TMTs Studio Space supported more than 91 theater artists with free rehearsal space totaling 1000 hours over the season. Our Young Artist Program in collaboration with the Center for Family Life worked at 2 different schools this season. In Fall 2024, TMT Artists and worked with 3rd - 6th graders at PS01 on a new production, with 4 performances on 12/6 and 12/7/2024. In Spring 2025, TMT Artists worked with students at PS 516 to create a new piece, which performances on June 9th, 2025. 380 people saw the fruits of our Young Artist program over the course of the season. Target Margins Community Cafes this season included gatherings for Local Artists (7/12/2024), SWANA community (7/18/2024), Kindred Theater Staff (7/28/2024), and a Holi-Gay Soiree (12/12/2024). In March 2025, Target Margin partnered with the Womens Empowerment Coalition of NYC to host a Community Cafe Ifta. More than 160 people attended our Community Cafes this season.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1993.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.