Puppetry in Practice Inc

Analysis

Puppetry in Practice Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Puppetry in Practice Inc reported income of $582k and spending of $493k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $291k to $582k (+100%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 139%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Puppetry in Practice Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Somerville Historical Society ($582k), Wabanaki Cultural Preservation Coalition ($582k) and Chinatown Community Land Trust Inc ($581k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $26k (5.3% of expenses). Other salaries and wages came to $389k. At year end it held assets of $732k against liabilities of $28k, net assets of $704k. It reported 22 employees.