Rockaway Theatre Company Inc

Analysis

Rockaway Theatre Company Inc is a registered charity in United States, based in Rockaway Park, NY. It received its IRS tax-exemption ruling in March 2001, 25 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 December 2023, Rockaway Theatre Company Inc reported income of $298k and spending of $246k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $298k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rockaway Theatre Company Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Liams Chance Behavioral Services Inc ($298k), Artist Life NFP ($298k) and High Plains Wine & Food Foundation Inc ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $511k against liabilities of $0, net assets of $511k.