New Plaza Cinema Inc

Analysis

New Plaza Cinema Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2019, 7 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, New Plaza Cinema Inc reported income of $338k and spending of $340k, spending 101% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $213k to $338k (+59%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Plaza Cinema Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Shane Townley Arts Foundation Inc ($338k), El Paso Museum of Art Foundation ($338k) and Washington Aerospace Scholarsfoundation ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $35k (10% of expenses). Other salaries and wages came to $24k. At year end it held assets of $83k against liabilities of $0, net assets of $83k. It reported 4 employees.