Cape May Stage Inc

Analysis

Cape May Stage Inc is a registered charity in United States, based in Cape May, NJ. It received its IRS tax-exemption ruling in June 1989, 37 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, Cape May Stage Inc reported income of $842k and spending of $911k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $876k to $842k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 290%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cape May Stage 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 Southern Colorado Theatre Company ($841k), Black Arts Mke Inc ($842k) and Dallas Makerspace ($841k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 48% of the total. Other salaries and wages came to $404k. At year end it held assets of $1.8m against liabilities of $509k, net assets of $1.3m. It reported 28 employees.