South Street Theater Co Inc

Analysis

South Street Theater Co Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in May 1995, 31 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 June 2023, South Street Theater Co Inc reported income of $13.5m and spending of $13.7m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $10.7m to $13.5m (+26%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Street Theater Co Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Verite Inc ($13.5m), Human Services Research Institute Inc ($13.5m) and American Nuclear Society Inc ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $899k (6.6% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $25.4m against liabilities of $4.8m, net assets of $20.6m. It reported 256 employees.