Queens Theatre in the Park Inc

Analysis

Queens Theatre in the Park Inc is a registered charity in United States, based in Corona, NY. It received its IRS tax-exemption ruling in August 1997, 29 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, Queens Theatre in the Park Inc reported income of $2.8m and spending of $2.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $2.8m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 836%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Queens Theatre in the Park Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Family Life Ministries Inc ($2.8m), Shreveport Regional Arts Council ($2.8m) and Great Explorations Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $165k (5.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.5m against liabilities of $442k, net assets of $1.0m. It reported 132 employees.