Folksbiene Yiddish Theatre Inc

Analysis

Folksbiene Yiddish Theatre Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1998, 28 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 June 2023, Folksbiene Yiddish Theatre Inc reported income of $3.7m and spending of $4.0m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.4m to $3.7m (-32%), an average of -9.1% a year. The sharpest change came in the year to June 2022, when income rose by 225%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Folksbiene Yiddish Theatre Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Breckenridge Creative Arts ($3.7m), Harbor Branch Oceanographic Institution Foundation Inc ($3.7m) and Myers & Briggs Foundation Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $496k (12% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $475k against liabilities of $414k, net assets of $62k. It reported 301 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.