New Bedford Festival Theatre Inc

Analysis

New Bedford Festival Theatre Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in June 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Bedford Festival Theatre Inc reported income of $454k and spending of $663k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $565k to $454k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2022, when income rose by 147%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Bedford Festival Theatre Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Undercurrent Inc ($454k), Freedom Encounter ($454k) and Shine Arts Foundation ($454k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 57% of the total. At year end it held assets of $26k against liabilities of $19k, net assets of $7,177.