Project Y Theatre Inc

Analysis

Project Y Theatre Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Y Theatre Inc reported income of $81k and spending of $80k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $88k to $81k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 69%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Project Y Theatre Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Prairie Music Association ($81k), Racine Area Veterans Inc ($81k) and The Emmaus Institute Inc ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $24k against liabilities of $10, net assets of $24k.