Teatro Grattacielo

Analysis

Teatro Grattacielo is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1995, 31 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 2023, Teatro Grattacielo reported income of $357k and spending of $354k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $66k to $357k (+442%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 152%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Teatro Grattacielo sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Chicago National Association of Dance Masters ($357k), Andalusia Ballet Association Inc ($357k) and River Heritage Museum Inc ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $60k (17% of expenses). Other salaries and wages came to $57k. At year end it held assets of $169k against liabilities of $7,683, net assets of $162k. It reported 40 employees.