Chinese Theater Works Inc

Analysis

Chinese Theater Works Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in February 1977, 49 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 September 2023, Chinese Theater Works Inc reported income of $309k and spending of $323k, spending 104% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $243k to $309k (+27%), an average of +8.4% a year. The sharpest change came in the year to September 2021, when income rose by 30%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chinese Theater Works Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include City Sound Drum and Bugle Corps ($309k), Ugly Duckling Presse Ltd ($309k) and Fathers & Sons Together ($309k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $75k (23% of expenses). Other salaries and wages came to $77k. At year end it held assets of $270k against liabilities of $79k, net assets of $190k.