Syracuse Area Landmark Theatre

Analysis

Syracuse Area Landmark Theatre is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in October 1976, 50 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, Syracuse Area Landmark Theatre reported income of $3.8m and spending of $3.3m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.8m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 696%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Syracuse Area Landmark Theatre sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include International Game Fish Association Inc ($3.8m), Tampa Theatre Inc ($3.8m) and Logan County Historical Society Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $97k (2.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $23.0m against liabilities of $3.4m, net assets of $19.6m. It reported 266 employees.