Innervision Theatre Arts Center Inc

Analysis

Innervision Theatre Arts Center Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in August 2010, 16 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 December 2023, Innervision Theatre Arts Center Inc reported income of $217k and spending of $256k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $275k to $217k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 134% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Innervision Theatre Arts Center Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Shullsburg S 4th of July Celebration Corporation ($217k), Peerless Rockville Historic Preservation Ltd ($217k) and Saint Petersburg Preservation Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 73% of the total. Compensation of current officers, directors and key employees was $7,380 (2.9% of expenses). Other salaries and wages came to $50k. At year end it held assets of $51k against liabilities of $651k, net assets of -$600k. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.