Primary Stages Company Inc

Analysis

Primary Stages Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1985, 41 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, Primary Stages Company Inc reported income of $2.4m and spending of $2.7m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $2.4m (-30%), an average of -8.4% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Primary Stages Company Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include The Rebuild Foundation NFP ($2.4m), Portland Stage Company Inc ($2.4m) and San Francisco Performances Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $270k (9.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $372k against liabilities of $239k, net assets of $134k. It reported 147 employees.