Home for Contemporary Theatre and Art Ltd

Analysis

Home for Contemporary Theatre and Art Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1990, 36 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, Home for Contemporary Theatre and Art Ltd reported income of $2.2m and spending of $2.9m, spending 129% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.7m to $2.2m (-17%), an average of -4.4% a year. The sharpest change came in the year to August 2021, when income rose by 54%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Home for Contemporary Theatre and Art Ltd sits at the 92nd 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 Preservation Trust of Vermont Inc ($2.2m), Talcott Mountain Science Center for Student Involvement Inc ($2.2m) and Crooked Tree Arts Council Inc ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $106k (3.7% of expenses). Other salaries and wages came to $956k. At year end it held assets of $3.2m against liabilities of $1.5m, net assets of $1.7m. It reported 193 employees.