Schoolhouse Theatre Foundation Inc

Analysis

Schoolhouse Theatre Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2002, 24 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 December 2023, Schoolhouse Theatre Foundation Inc reported income of $134k and spending of $224k, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $328k to $134k (-59%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Schoolhouse Theatre Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Huntington Beach International Surfing Museum ($134k), African Grove Institute for the Arts Inc ($134k) and South Jersey Ballet Theatre Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Other salaries and wages came to $25k. At year end it held assets of $3,267 against liabilities of $3,972, net assets of -$705.