Ridgefield Playhouse for Movies and the Performing Arts Inc

Analysis

Ridgefield Playhouse for Movies and the Performing Arts Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in January 1998, 28 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 December 2023, Ridgefield Playhouse for Movies and the Performing Arts Inc reported income of $7.9m and spending of $7.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.1m to $7.9m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ridgefield Playhouse for Movies and the Performing Arts Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Virginia Biosciences Health Research Corporation ($7.9m), Transcendence Theater Company ($7.9m) and Alliance for California Traditional Arts ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 70% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $20.6m against liabilities of $2.3m, net assets of $18.3m. It reported 148 employees.