Manhattan Theatre Club Inc

Analysis

Manhattan Theatre Club Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1970, 56 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, Manhattan Theatre Club Inc reported income of $26.9m and spending of $28.5m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $30.4m to $26.9m (-12%), an average of -3.0% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Manhattan Theatre Club Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Education Analytics Inc ($26.9m), North Texas Public Broadcasting Inc ($26.9m) and Chicago Theatre Group Inc ($26.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $1.7m (5.8% of expenses). Other salaries and wages came to $8.7m. It paid $599k in professional fundraising fees. At year end it held assets of $91.4m against liabilities of $43.2m, net assets of $48.2m. It reported 813 employees.