Vibe Theater Experience

Analysis

Vibe Theater Experience is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2020, 6 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 August 2023, Vibe Theater Experience reported income of $720k and spending of $501k, leaving 30% of income unspent that year. Across the 5 years on record, from August 2018 to August 2023, income grew from $246k to $720k (+193%), an average of +31% a year. The sharpest change came in the year to August 2020, when income rose by 116%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vibe Theater Experience sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include The Aviation Museum of Kentucky Inc ($720k), Uss Silversides Submarines Museum ($720k) and Newton Chinese Language School ($720k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $170k (34% of expenses). Other salaries and wages came to $8,856. At year end it held assets of $250k against liabilities of $0, net assets of $250k.