Variations Theatre Group Inc

Analysis

Variations Theatre Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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, Variations Theatre Group Inc reported income of $742k and spending of $686k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $269k to $742k (+175%), an average of +66% a year. The sharpest change came in the year to December 2022, when income rose by 116%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Variations Theatre Group Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Central Illinois Radio Fellowship Inc ($741k), Wallace House Foundation-A Museum and Vice Presidential Library ($742k) and Tullahoma South Jackson Civic Association Inc ($741k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $34k (4.9% of expenses). Other salaries and wages came to $30k. At year end it held assets of $2.5m against liabilities of $2.4m, net assets of $65k. It reported 11 employees.