Shadow Box Theatre Inc

Analysis

Shadow Box Theatre Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1973, 53 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, Shadow Box Theatre Inc reported income of $240k and spending of $292k, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $238k to $240k (+1.1%), an average of +0.4% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shadow Box Theatre Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Japanese Association in Charlotte ($240k), Junk ($240k) and Exploration Green Conservancy ($240k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $55k. At year end it held assets of $31k against liabilities of $29k, net assets of $1,477. It reported 2 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.