The New Heritage Theatre Group Inc

Analysis

The New Heritage Theatre Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1971, 55 years ago. 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 June 2023, The New Heritage Theatre Group Inc reported income of $453k and spending of $448k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $692k to $453k (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The New Heritage Theatre Group Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Pleasant Hills Public Library ($453k), Del Obispo Youth Baseball Inc ($453k) and New York Open Water ($453k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. At year end it held assets of $314k against liabilities of $18k, net assets of $296k.