Pig Iron Theatre Company Inc

Overview

Mission

To expand what is possible in performance by creating rigorous and exuburant ensemble-devised works; by training the next generation of daring, innovative theatre artists; and by consistently askign the hardest questions both in our art and in its relation to the world around us.

What it reported doing in 2024

Education and workshops: pig iron operates an mfa and certificate program in devised performance in partnership with the university of the arts. In addition, pig iron offers a variety of intensive workshops throughout the year.

Operating model

Revenue model
Donor-supported. 61% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The nonprofit carried out 99% of its reported program work directly.

Nonprofit profile at a glance

EIN
133874192
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Headquarters
Philadelphia, PA, USA
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Official website

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and available reserves provide a limited financial cushion.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 100
  • Accountability: 86
  • Sustainability: 18
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.3%; rating input score 81
  • Program expense ratio: 68.2%; rating input score 68
  • Fundraising efficiency: $39.24 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Independent voting board: 76.5%; rating input score 76; 17th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: -18.4%; rating input score 10; 10th percentile among comparable filings
  • Operating reserve ratio: 0.51; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0.44; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 9.2%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 0.9% per year; rating input score 100; 21st percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 28th percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 81.3% of revenue deployed · 68.2% of spending went to programs
  • Governance: 13 of 17 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $1.3M in reported program spending
  • Leadership: top reported pay $71K · 17 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 13 annual filings from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.