Playhouse Inc

Analysis

Playhouse Inc is a registered charity in United States, based in West Orange, NJ. It received its IRS tax-exemption ruling in October 1951, 75 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Playhouse Inc reported income of $1.4m and spending of $1.3m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $892k to $1.4m (+61%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Playhouse Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Elyon College ($1.4m), Fayetteville Public Library Foundation ($1.4m) and All Ears Listening and Language Center ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $85k (6.7% of expenses). Other salaries and wages came to $864k. At year end it held assets of $2.5m against liabilities of $207k, net assets of $2.3m. It reported 22 employees.