Instituto Arte Teatral Internacional Inc

Analysis

Instituto Arte Teatral Internacional Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1982, 44 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 June 2023, Instituto Arte Teatral Internacional Inc reported income of $391k and spending of $384k, spending 98% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $250k to $391k (+56%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Instituto Arte Teatral Internacional Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Friends of the Wright Opera House Inc ($391k), Institute of Hispanic Culture of Houston Texas ($391k) and Masspoetry Inc ($390k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $74k (19% of expenses). Other salaries and wages came to $34k. At year end it held assets of $186k against liabilities of $58k, net assets of $128k. It reported 9 employees.