Shubanjali School of Performing Arts Inc

Analysis

Shubanjali School of Performing Arts Inc is a registered charity in United States, based in Scotch Plains, NJ. It received its IRS tax-exemption ruling in January 2004, 22 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 December 2023, Shubanjali School of Performing Arts Inc reported income of $270k and spending of $299k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $981k to $270k (-73%), an average of -28% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shubanjali School of Performing Arts Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Historic Jayhawk Theatre Inc ($270k), Northern Culture Exchange ($270k) and Sobrato Murphy Music Association ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $87k (29% of expenses). Other salaries and wages came to $44k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 2 employees.