1st Stage Inc

Analysis

1st Stage Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in January 2008, 18 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 2022, 1st Stage Inc reported income of $1.0m and spending of $996k, spending 97% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $858k to $1.0m (+19%), an average of +6.1% a year. The sharpest change came in the year to June 2020, when income rose by 79%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 1st Stage Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Society for Imaging Science and Technology ($1.0m), Narek Cultural Foundation Inc ($1.0m) and Avon Theatre Film Center Inc ($1.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 82% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $78k (7.9% of expenses). Other salaries and wages came to $217k. At year end it held assets of $1.5m against liabilities of $20k, net assets of $1.5m. It reported 6 employees.