Saratoga International Theater Institute Inc

Analysis

Saratoga International Theater Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1993, 33 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 December 2022, Saratoga International Theater Institute Inc reported income of $1.2m and spending of $1.4m, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.1m to $1.2m (+4.3%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saratoga International Theater Institute Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Reimagination Lab Inc ($1.2m), South Carolina Humanites Council ($1.2m) and University of California Press Foundation ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $221k (16% of expenses). Other salaries and wages came to $498k. At year end it held assets of $454k against liabilities of $5,499, net assets of $448k. It reported 30 employees.