The Paper Bag Players Inc

Analysis

The Paper Bag Players Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1962, 64 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 April 2023, The Paper Bag Players Inc reported income of $245k and spending of $276k, spending 113% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $456k to $245k (-46%), an average of -14% a year. The sharpest change came in the year to April 2021, when income dropped by 63%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Paper Bag Players Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Pasadena Civic Ballet Inc ($245k), Canvas Institute ($245k) and American Friends of Capodimonte ($245k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $150k. At year end it held assets of $13k against liabilities of $35k, net assets of -$22k. It reported 12 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.