Brooklyn Acting Lab Inc

Analysis

Brooklyn Acting Lab Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2012, 14 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, Brooklyn Acting Lab Inc reported income of $899k and spending of $1.2m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $618k to $899k (+46%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brooklyn Acting Lab Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Darien Arts Center Inc ($899k), Arts Together Inc ($899k) and American Banjo Museum Inc ($899k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $389k (33% of expenses). Other salaries and wages came to $120k. At year end it held assets of $649k against liabilities of $727k, net assets of -$78k. It reported 5 employees.