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Maryland · Nonprofit

IRON CROW THEATRE COMPANY INC

IRON CROW THEATRE COMPANY INC (Maryland) receives grants from 9 organizations whose IRS filings report $92,480 to it, the largest being Horizons Foundation ($29,000). 6 of them have funded it in more than one year, and 71% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2026
$328k
Funders on record
9
Grants received
$92k
Net assets
$109k
6/9 repeat funderspeak grant-dependency 35%
01What it does

What Iron Crow Theatre Company Inc does

Mission

Iron Crow Theatre produces live professional queer theatre in Baltimore MD amplifying the voices of LGBTQ+ artists. In FY26 the theatre produced its Season of Survival which included Next to Normal the Pulitzer Prize and Tony winning musical from Brian Yorkey and Tom Kitt and Max Vernons The View Upstairs - a powerful new queer musical inspired by the tragic 1973 arson attack on New Orleans Upstairs Lounge.

As stated on its FY2026 Form 990.

Programs

  1. Iron Crow Theatre produced two large musicals during the season Next to Normal, held at the M&T Bank Exchange and The View Upstairs held at Baltimore Theatre Project. The season set out to prove that queer stories and art are acts of survival.

    $226,826 spent$328,261 earned by the program
    100% of program spending
  2. Not described on the e-filed return.

    $0 spent
    0% of program spending
  3. Not described on the e-filed return.

    $0 spent
    0% of program spending
  4. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 4 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $226,826.

02The organization over time

The organization over time

Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20222022 Revenue 100 ($58k) Expenses 100 ($19k) Net assets 100 ($63k)2023 Revenue 135 ($78k) Expenses 584 ($109k) Net assets 51 ($32k)2024 Revenue 413 ($238k) Expenses 1234 ($229k) Net assets 65 ($41k)2025 Revenue 308 ($178k) Expenses 967 ($180k) Net assets 63 ($39k)2026 Revenue 568 ($328k) Expenses 1393 ($259k) Net assets 173 ($109k)
20222023202420252026
Revenue (568)Expenses (1393)Net assets (173)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2025 to 2026, from $40k to $109k (+173%).

$63k
$32k
$42k
$40k
$109k
20222023202420252026
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2022
2023
2024
2025
2026
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2024 6% · 2025 3% · 2026 5%. Grants only. Government contracts and fees sit inside program revenue.

58% of IRON CROW THEATRE COMPANY INC’s revenue is contributions — about as donation-reliant as the typical peer (64% for the typical peer).

This organization
Typical peer · 19,547 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 5 reported years ran a deficit.

$39k
’22
−$31k
’23
$9k
’24
−$2k
’25
$69k
’26
5.1
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

202420252026
Listed10105
Joined·+0+0
No longer listed·05
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $750 → $11k.

4 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 71% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of IRON CROW THEATRE COMPANY INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

IRON CROW THEATRE COMPANY INC leans on a few funders — its largest provides 31% of grant income and the top three 77%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

71% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund IRON CROW THEATRE COMPANY INC.

31%
largest funder
77%
top three
~4
effective funders

Largest funder’s share by year: 2017 67% · 2018 100% · 2019 64% · 2020 100% · 2021 100% · 2022 100% · 2023 76% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

20% of IRON CROW THEATRE COMPANY INC's funders are still giving 3 years after their first grant; 67% give in more than one year at all.

first grant+1y+2y+3y+4y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

71% of IRON CROW THEATRE COMPANY INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $27k that is directly attributable, 78% of it comes from funders outside Maryland, across 4 states.

PA
MO
MD
NC

In-state vs out-of-state, by year

’17
’18
’19
’23
Maryland out of state home

Funder states come from each funder’s own filing. $66k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

IRON CROW THEATRE COMPANY INC runs a healthier operating margin than three-quarters of the 335 arts & culture nonprofits its size.

Operating margin21% · top quartile
Months of reserve5.1mo · below the median
Revenue growth (annualized)54% · top quartile

this organization peer median middle 50% of peers· 335 arts & culture nonprofits $100k–$1M, FY2026

Organizations like IRON CROW THEATRE COMPANY INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Maryland

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

88% of spending goes to programs.

Program 88%Management 12%Fundraising 0%

Governance

5
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MD

Screen this organization

A dated, signed PDF of the compliance screen for IRON CROW THEATRE COMPANY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds IRON CROW THEATRE COMPANY INC?
IRON CROW THEATRE COMPANY INC (Maryland) receives grants from 9 organizations whose IRS filings report $92,480 to it, the largest being Horizons Foundation ($29,000). 6 of them have funded it in more than one year, and 71% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does IRON CROW THEATRE COMPANY INC have?
IRS filings report 9 organizations giving $92,480 in grants to IRON CROW THEATRE COMPANY INC, 6 of which have funded it in more than one year.
Who is the largest funder of IRON CROW THEATRE COMPANY INC?
Horizons Foundation is the largest funder on record, with $29,000 in grants. The full list of funders is on this page.
How can an organization like IRON CROW THEATRE COMPANY INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Iron Crow Theatre Company →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2026 (financials across 2022–2026), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing