Drama Club Inc

Analysis

Drama Club Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2014, 12 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 2023, Drama Club Inc reported income of $1.2m and spending of $890k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $532k to $1.2m (+124%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 54%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Drama Club Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Fort Wayne Civic Theatre Inc ($1.2m), Theatre Arlington Inc ($1.2m) and Horizon Theatre Company Incorporated ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $94k (11% of expenses). At year end it held assets of $1.5m against liabilities of $29k, net assets of $1.4m. It reported 50 employees.