Atlantic Theater Company

Analysis

Atlantic Theater Company is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1987, 39 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, Atlantic Theater Company reported income of $16.8m and spending of $15.1m, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $12.4m to $16.8m (+36%), an average of +8.0% a year. The sharpest change came in the year to August 2022, when income rose by 125%. 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, Atlantic Theater Company sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Storycorps Inc ($16.8m), Science for America Inc ($16.8m) and Houston Grand Opera Endowment Inc ($16.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 36% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $1.1m (7.6% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $27.7m against liabilities of $16.3m, net assets of $11.4m. It reported 666 employees.