The Ritz Theatre Company Inc

Analysis

The Ritz Theatre Company Inc is a registered charity in United States, based in Haddon TWP, NJ. It received its IRS tax-exemption ruling in November 1994, 32 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 December 2023, The Ritz Theatre Company Inc reported income of $834k and spending of $990k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $693k to $834k (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Ritz Theatre Company 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 80th percentile within NJ. Charities of a similar size with the same main cause include Long Island Music Hall of Fame Inc ($834k), Charlotte Is Creative ($834k) and Tilt Institute for the Contemporary Imag ($834k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $71k (7.1% of expenses). Other salaries and wages came to $304k. At year end it held assets of $908k against liabilities of $478k, net assets of $431k. It reported 21 employees.