New Freedom Theater Inc

Analysis

New Freedom Theater Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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 August 2021, New Freedom Theater Inc reported income of $134k and spending of $349k, spending 260% of what it took in. Across the 3 years on record, from August 2019 to August 2021, income fell from $169k to $134k (-21%), an average of -11% a year. The sharpest change came in the year to August 2020, when income rose by 179%. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Freedom Theater Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within PA. Charities of a similar size with the same main cause include Boys & Girls Clubs of Washington County ($134k), Norris City-Omaha Alumni Association Scholarship Fund ($134k) and Washington State Mathematics Council ($134k).

On its Form 990 for the period ending August 2021, revenue came from contributions and grants 24% of the total. At year end it held assets of $7.7m against liabilities of $846k, net assets of $6.8m.