The Flea Theater Inc

Analysis

The Flea Theater Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2000, 26 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, The Flea Theater Inc reported income of $1.3m and spending of $2.1m, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $1.3m (-51%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Flea Theater Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Museum Hue Inc ($1.3m), South Side Weekly NFP ($1.3m) and National Arts Strategies Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $113k (5.5% of expenses). Other salaries and wages came to $458k. It paid $24k in professional fundraising fees. At year end it held assets of $20.3m against liabilities of $670k, net assets of $19.6m. It reported 52 employees.