Group I Acting Company Inc

Analysis

Group I Acting Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1973, 53 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Group I Acting Company Inc reported income of $2.0m and spending of $2.9m, spending 149% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $2.0m (+31%), an average of +7.0% a year. The sharpest change came in the year to September 2023, when income rose by 47%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Group I Acting Company Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Youth Financial Literacy Foundation ($2.0m), Chattanooga Symphony and Opera Association ($2.0m) and Young Audiences-New York Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $289k (9.9% of expenses). Other salaries and wages came to $876k. At year end it held assets of $1.0m against liabilities of $1.1m, net assets of -$91k. It reported 118 employees.