Brick Theater Inc

Analysis

Brick Theater Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2004, 22 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, Brick Theater Inc reported income of $575k and spending of $559k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $221k to $575k (+161%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brick Theater Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Atlantic City Arts Foundation ($575k), Womens Institute for Science Equity and Race ($575k) and Acadiana Symphony Association ($575k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $28k (5.0% of expenses). Other salaries and wages came to $79k. At year end it held assets of $512k against liabilities of $503k, net assets of $9,371. It reported 9 employees.