Mile Square Theatre

Analysis

Mile Square Theatre is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mile Square Theatre reported income of $877k and spending of $924k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $684k to $877k (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mile Square Theatre sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Birmingham Childrens Theatre Inc ($877k), Co Lab Theater Group Inc ($877k) and Id Art Center Inc ($877k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Other salaries and wages came to $342k. At year end it held assets of $497k against liabilities of $8,321, net assets of $488k. It reported 28 employees.