Theatre Development Fund Inc

Analysis

Theatre Development Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1967, 59 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, Theatre Development Fund Inc reported income of $16.3m and spending of $15.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.1m to $16.3m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Development Fund Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Population Connection ($16.3m), Marcus Center for the Performing Arts Inc ($16.4m) and Atlanta Beltline Partnership Inc ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.9m (12% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $17.2m against liabilities of $9.2m, net assets of $8.0m. It reported 152 employees.