Drama League of New York Inc

Analysis

Drama League of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1949, 77 years ago. 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 May 2023, Drama League of New York Inc reported income of $2.1m and spending of $2.0m, spending 94% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.0m to $2.1m (+3.3%), an average of +0.8% a year. The sharpest change came in the year to May 2022, when income rose by 64%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Drama League of New York Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Boy Scouts of America ($2.1m), Hopkins Hill Road Fire Department ($2.1m) and Johns Island Community Service League ($2.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $331k (17% of expenses). Other salaries and wages came to $455k. At year end it held assets of $1.9m against liabilities of $307k, net assets of $1.6m. It reported 31 employees.