Classical Theatre of Harlem

Analysis

Classical Theatre of Harlem is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2001, 25 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 June 2023, Classical Theatre of Harlem reported income of $3.3m and spending of $3.0m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $3.3m (+60%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Classical Theatre of Harlem sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Discovery Gateway ($3.3m), American Friends of Zichron Nechama Inc ($3.3m) and Center for Transportation & Commerce ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 10.0% of the total. Compensation of current officers, directors and key employees was $115k (3.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.1m against liabilities of $52k, net assets of $3.0m. It reported 184 employees.