Elevator Repair Service Theater Inc

Analysis

Elevator Repair Service Theater Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Elevator Repair Service Theater Inc reported income of $1.0m and spending of $997k, spending 99% of its income. Across the 6 years on record, from July 2019 to July 2024, income fell from $1.1m to $1.0m (-7.2%), an average of -1.5% a year. The sharpest change came in the year to July 2022, when income rose by 98%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elevator Repair Service Theater Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include The Sarasota Cuban Ballet School Inc ($1.0m), Ballet Palm Beach Inc ($1.0m) and Pocosin Arts Incorporated ($1.0m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 54% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $202k (20% of expenses). Other salaries and wages came to $361k. At year end it held assets of $890k against liabilities of $100k, net assets of $790k. It reported 33 employees.