Kitchen Theatre Company Inc

Analysis

Kitchen Theatre Company Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in December 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Kitchen Theatre Company Inc reported income of $672k and spending of $601k, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.0m to $672k (-36%), an average of -8.5% a year. The sharpest change came in the year to June 2021, when income dropped by 31%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kitchen Theatre Company Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Coney Island USA ($672k), Creative Arts Workshop Inc ($672k) and Laurel School of Music ($672k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $36k (6.0% of expenses). Other salaries and wages came to $327k. At year end it held assets of $1.7m against liabilities of $257k, net assets of $1.4m. It reported 40 employees.