United States Institute for Theatre Technology Inc

Analysis

United States Institute for Theatre Technology Inc is a registered charity in United States, based in Liverpool, 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, United States Institute for Theatre Technology Inc reported income of $3.2m and spending of $3.1m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $3.2m (+149%), an average of +36% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, United States Institute for Theatre Technology Inc 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 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include California Jazz Conservatory Inc ($3.1m), Duluth & North Shore Railway Inc ($3.2m) and Ebt Foundation Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 92% of the total. Other salaries and wages came to $844k. At year end it held assets of $4.4m against liabilities of $1.3m, net assets of $3.1m. It reported 12 employees.