Irt Theater Inc

Analysis

Irt Theater Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1986, 40 years ago. 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, Irt Theater Inc reported income of $179k and spending of $139k, leaving 22% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $146k to $179k (+22%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Irt Theater Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Jampolsky Outreach Foundation ($179k), Wall Street Tax Educational Corporation ($179k) and Carroll County Council on Aging Inc ($179k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.