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
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.