Vangeline Theater Inc

Analysis

Vangeline Theater Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2007, 19 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, Vangeline Theater Inc reported income of $167k and spending of $165k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $167k (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vangeline Theater Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include United Chinese Learning Center ($167k), University Consortium for Geographic Information Science ($167k) and Public Invention ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $58k (35% of expenses). Other salaries and wages came to $46k. At year end it held assets of $28k against liabilities of $0, net assets of $28k.