Theatre of Youth Company Inc

Analysis

Theatre of Youth Company Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 1974, 52 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 June 2023, Theatre of Youth Company Inc reported income of $281k and spending of $336k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $913k to $281k (-69%), an average of -26% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre of Youth Company Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Lama Foundation ($280k), Stiefel Theatre Foundation Endowment Fund ($281k) and Houston Latin American Philharmonic Orchestra ($280k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $51k (15% of expenses). Other salaries and wages came to $102k. At year end it held assets of $635k against liabilities of $285k, net assets of $350k. It reported 52 employees.