Growing Stage Theatre for Young Audiences Inc

Analysis

Growing Stage Theatre for Young Audiences Inc is a registered charity in United States, based in Netcong, NJ. It received its IRS tax-exemption ruling in October 1986, 40 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Growing Stage Theatre for Young Audiences Inc reported income of $850k and spending of $851k, spending 100% of its income. Across the 6 years on record, from August 2019 to August 2024, income fell from $964k to $850k (-12%), an average of -2.5% a year. The sharpest change came in the year to August 2021, when income rose by 27%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Growing Stage Theatre for Young Audiences Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Transit Books ($850k), Riverside Theatre ($850k) and Keen Theater Company Inc ($850k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $83k (9.7% of expenses). Other salaries and wages came to $351k. At year end it held assets of $2.0m against liabilities of $202k, net assets of $1.8m. It reported 41 employees.