Joyce Theater Foundation Inc

Analysis

Joyce Theater Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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, Joyce Theater Foundation Inc reported income of $11.7m and spending of $13.4m, spending 115% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $12.9m to $11.7m (-9.9%), an average of -2.6% a year. The sharpest change came in the year to August 2021, when income rose by 21%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Joyce Theater Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Friends of the Music Hall ($11.6m), University Musical Society ($11.7m) and Charlotte Ballet ($11.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 47% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $1.1m (8.6% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $60.0m against liabilities of $4.6m, net assets of $55.4m. It reported 168 employees.