New Federal Theater Inc

Analysis

New Federal Theater Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1976, 50 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 June 2023, New Federal Theater Inc reported income of $481k and spending of $428k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $353k to $481k (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 136%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Federal Theater Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Bay City News Foundation ($481k), Kalapriya Foundation Center for Indian Performing Art Inc ($481k) and Dial Magazine Inc ($481k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $56k (13% of expenses). Other salaries and wages came to $118k. It paid $30k in professional fundraising fees. At year end it held assets of $656k against liabilities of $18k, net assets of $638k. It reported 24 employees.