New Jersey Foundation for Dance and Theatre Arts

Analysis

New Jersey Foundation for Dance and Theatre Arts is a registered charity in United States, based in Wanaque, NJ. It received its IRS tax-exemption ruling in August 2001, 25 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 April 2022, New Jersey Foundation for Dance and Theatre Arts reported income of $219k and spending of $326k, spending 149% of what it took in. Across the 3 years on record, from April 2020 to April 2022, income fell from $368k to $219k (-40%), an average of -23% a year. The sharpest change came in the year to April 2021, when income dropped by 61%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Jersey Foundation for Dance and Theatre Arts sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 63rd percentile within NJ. Charities of a similar size with the same main cause include Saab Heritage Museum Inc ($219k), Bay Area Educational Theater Company ($219k) and Alpine Heritage Preservation Inc ($219k).

On its Form 990 for the period ending April 2022, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $83k (25% of expenses). At year end it held assets of $69k against liabilities of $92k, net assets of -$23k. It reported 61 employees.