Russian Arts Theater & Studio Inc

Analysis

Russian Arts Theater & Studio Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2004, 22 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 December 2023, Russian Arts Theater & Studio Inc reported income of $140k and spending of $136k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $140k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Russian Arts Theater & Studio 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 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Alabama Music Educators Association ($140k), First Floor Theater ($140k) and National Society of the Daughters of the American Revolution ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.