Billie Holiday Theatre Incorporated

Analysis

Billie Holiday Theatre Incorporated is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2012, 14 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 June 2023, Billie Holiday Theatre Incorporated reported income of $2.1m and spending of $5.8m, spending 281% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $768k to $2.1m (+171%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 397%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Billie Holiday Theatre Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Levelland Wallace Theater ($2.1m), Great American Songbook Foundation Inc ($2.1m) and Latino Cultural Arts Center ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 8.8% of the total. Other salaries and wages came to $118k. At year end it held assets of $4.8m against liabilities of $693k, net assets of $4.2m. It reported 2 employees.