Theatre for a New Audience Inc

Analysis

Theatre for a New Audience Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1981, 45 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 August 2023, Theatre for a New Audience Inc reported income of $7.1m and spending of $7.8m, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $8.2m to $7.1m (-14%), an average of -3.6% a year. The sharpest change came in the year to August 2023, when income rose by 646%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre for a New Audience Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include World Wide Web Consortium Inc ($7.1m), Alaska Native Heritage Center Inc ($7.1m) and Dubuque County Historical Society ($7.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 77% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $1.1m (14% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $21.0m against liabilities of $1.3m, net assets of $19.8m. It reported 293 employees.