Count Basie Theatre Inc

Analysis

Count Basie Theatre Inc is a registered charity in United States, based in Red Bank, NJ. It received its IRS tax-exemption ruling in May 1973, 53 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, Count Basie Theatre Inc reported income of $29.1m and spending of $25.8m, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $20.2m to $29.1m (+44%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Count Basie Theatre Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include International Spy Museum ($29.0m), Artspace Projects Inc ($29.1m) and Screen Actors Guild - American Federation of Television and Radio ($29.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $755k (2.9% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $73.5m against liabilities of $30.6m, net assets of $42.9m. It reported 404 employees.