New Vic Theatricals Inc

Analysis

New Vic Theatricals Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in September 1973, 53 years ago. 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 May 2024, New Vic Theatricals Inc reported income of $170k and spending of $144k, spending 84% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $223k to $170k (-24%), an average of -6.5% a year. The sharpest change came in the year to May 2024, when income rose by 123%. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Vic Theatricals Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include 100 Club of Rhode Island Inc ($170k), First Chinese School ($170k) and US Veterans Post 104 Corp ($170k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $21k against liabilities of $439k, net assets of -$418k.