Parallel 45 INC FY2023 filing
Presents plays to entertain, encourage thought, and inspire audiences. For fiscal year 2023 it reported $197K in revenue, $253K in expenses, and $-1K in net assets.Pt I
- Type
- Unknown exempt organization · Nonprofit
- Location
- Traverse City, MI
- Website
- www.parallel45.org
- Filings
- 6 on file (2020–2023)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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Where the work happens
In December 2022, Parallel 45 Theatre produced A Christmas Carol in Prose followed by an early 2023, production of 4 winter-spring play readings involving over 30 local artists. The remainder of the time period was spent connecting with supporters, stakeholders, artists, and other community organizations in an attempt to raise funds…
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 54% | — | — |
| Overhead ratio | 46% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | -70% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 2% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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