Essex Youth Theater Inc

Analysis

Essex Youth Theater Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in April 1993, 33 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Essex Youth Theater Inc reported income of $134k and spending of $138k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $218k to $134k (-38%), an average of -11% a year. The sharpest change came in the year to June 2021, when income dropped by 51%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Essex Youth Theater Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Kentucky Author Forum Inc ($134k), En Taiko ($134k) and First Night Morris Inc ($134k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Other salaries and wages came to $108k. At year end it held assets of $48k against liabilities of $64k, net assets of -$16k. It reported 23 employees.