Axial Theatre Inc

Analysis

Axial Theatre Inc is a registered charity in United States, based in Yorktown HTS, NY. It received its IRS tax-exemption ruling in March 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 August 2023, Axial Theatre Inc reported income of $127k and spending of $144k, spending 114% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $56k to $127k (+126%), an average of +126% a year. The sharpest change came in the year to August 2023, when income rose by 126%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Axial Theatre Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Art Shanty Projects ($127k), Reset Dialogues US ($127k) and Little Theatre of Owatonna Inc ($127k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. At year end it held assets of $41k against liabilities of $7,745, net assets of $33k.