Irish Classical Theater Co

Analysis

Irish Classical Theater Co is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 1993, 33 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, Irish Classical Theater Co reported income of $839k and spending of $1.0m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $925k to $839k (-9.3%), an average of -2.4% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Irish Classical Theater Co sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Chevra Inc ($839k), Alabama Dance Theatre ($840k) and Senior Living Foundation of the American Foreign Service Inc ($839k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $117k (11% of expenses). Other salaries and wages came to $471k. At year end it held assets of $1.3m against liabilities of $190k, net assets of $1.1m. It reported 23 employees.