Keen Theater Company Inc

Analysis

Keen Theater Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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 (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 2024, Keen Theater Company Inc reported income of $850k and spending of $916k, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $665k to $850k (+28%), an average of +5.0% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Keen Theater Company Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Maritime Rhode Island Inc ($850k), Transit Books ($850k) and Salt Block Foundation Inc ($849k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $75k (8.2% of expenses). Other salaries and wages came to $425k. At year end it held assets of $101k against liabilities of $163k, net assets of -$62k. It reported 32 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.