Flying Carpet Theater Inc

Analysis

Flying Carpet Theater Inc is a registered charity in United States, based in Sunnyside, NY. It received its IRS tax-exemption ruling in February 2004, 22 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 December 2023, Flying Carpet Theater Inc reported income of $105k and spending of $115k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $138k to $105k (-23%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Flying Carpet Theater Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Palm Beach Opera Guild Inc ($105k), Honor Flight Twin Cities ($105k) and New American Philharmonic Symphony Orchestra Ballet and Opera Assoc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.