Second Stage Theatre

Analysis

Second Stage Theatre is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1980, 46 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Second Stage Theatre reported income of $26.2m and spending of $29.0m, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $18.2m to $26.2m (+44%), an average of +9.6% a year. The sharpest change came in the year to August 2022, when income rose by 227%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Second Stage Theatre sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Johnny Morris Wonders of Wildlife Foundation ($26.2m), Joslyn Art Museum ($26.3m) and Facing History & Ourselves Inc ($26.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $1.0m (3.5% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $59.0m against liabilities of $22.8m, net assets of $36.3m. It reported 756 employees.