Vivid Stage Inc

Analysis

Vivid Stage Inc is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in August 1997, 29 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 June 2023, Vivid Stage Inc reported income of $201k and spending of $203k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $153k to $201k (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 22%. 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, Vivid Stage Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Philippine Cultural & Civic Center Foundation Inc ($201k), Tallgrass Theatre Company ($201k) and Historic Huntsville Foundation Inc ($201k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $17k (8.6% of expenses). Other salaries and wages came to $50k. At year end it held assets of $45k against liabilities of $4,545, net assets of $40k. It reported 5 employees.