H B Playwrights Foundation Inc

Analysis

H B Playwrights Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1964, 62 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, H B Playwrights Foundation Inc reported income of $366k and spending of $114k, leaving 69% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $62k to $366k (+492%), an average of +56% a year. The sharpest change came in the year to August 2023, when income rose by 969%. 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, H B Playwrights Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Museum Trustee Association ($366k), Ricochet Productions Incorporated ($366k) and Capital City Theatre ($366k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. At year end it held assets of $1.8m against liabilities of $2,838, net assets of $1.7m.