Time and Space Limited Theatre Co Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It reported loans to or from officers, directors or other insiders.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
TO PROVIDE FOR THE DIRECTION AND PERFORMANCE OF THEATRICAL PRODUCTIONS INCLUDING THEATER, DANCE, FILM, ELECTRONIC ARTS, MUSIC, VISUAL ART, AND TO CREATE PUBLIC AWARENESS THROUGH ART AND EDUCATIONAL PROGRAMS THAT REACH OUT TO THE COMMUNITY AT LARGE.
- Income
- $473,129
- Spending
- $440,705
- Spent on programs
- 66%
- Reserves
- 2.6 months of spending
- Largest source of income
- donations and private grants, 55%
- Employees
- 16
- Volunteers
- 6
- Highest pay
- $21,323, board member
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: 71 out of 100. Higher than 44% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
10 of 35Spendable reserves would cover 2.6 months of spending.
Debt
16 of 20It owes 15% of what it owns.
Living within its means
15 of 15Income exceeded spending by 7% of income.
Income trend
15 of 15Income rose 13% on the year before.
Spending floor
15 of 1566% 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
Good: 75 out of 100. Higher than 52% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
25 of 255 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
0 of 10Reports at least one of: diversion of assets, excess benefits, 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 (3)
- $120,864 spent. BROADCASTS - BROADCASTING TRANSMISSIONS OF LIVE PERFORMANCES, PRESENTED IN HIGH DEFINITION, INCLUDING THE MET OPERA, THE BOLSHOI BALLET, THE NATIONAL THEATRE OF LONDON, AND OTHER HD PROGRAMS, IN THE ORGANIZATIONS 99-SEAT AUDITORIUM.
- $96,474 spent. FILM SERIES - SCREENING CLASSIC, DOCUMENTARY, AND INDEPENDENT MOVIES FROM AROUND THE WORLD IN THE ORGANIZATIONS 99-SEAT AUDITORIUM AND ITS 40-SEAT SCREENING ROOM.
- $72,365 spent. OTHER PROGRAMS - PRESENTING AND HOSTING A WIDE RANGE OF PROGRAMS INCLUDING LIVE MUSIC AND THEATER; LITERARY DISCUSSIONS; COMMUNITY AND TOPICAL FORUMS, AND HOUSING A USED BOOK STORE.
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
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 September 7, 2026.
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 September 30, 2026.
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 September 10, 2026.
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 September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 1975.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
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 October 7, 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.