Arts Center and Theater of Schenectady Inc

Analysis

Arts Center and Theater of Schenectady Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in November 1978, 48 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, Arts Center and Theater of Schenectady Inc reported income of $25.8m and spending of $25.0m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $24.4m to $25.8m (+5.9%), an average of +1.9% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Center and Theater of Schenectady Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Childrens Theatre of Cincinnati ($25.8m), American Association for Laboratory Accreditation ($26.0m) and Marine Environmental Sciences Consortium ($25.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $493k (2.0% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $53.2m against liabilities of $18.9m, net assets of $34.4m. It reported 214 employees.