George Street Playhouse Inc

Analysis

George Street Playhouse Inc is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, George Street Playhouse Inc reported income of $5.9m and spending of $8.5m, spending 143% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.9m to $5.9m (+21%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, George Street Playhouse Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include American Vacuum Society Incorporated ($5.9m), Alamo Public Telecommunications Council ($6.0m) and Music Performance Trust Fund ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $398k (4.7% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $4.2m against liabilities of $1.0m, net assets of $3.2m. It reported 268 employees.