Next Stage Arts Project Incorporated

Analysis

Next Stage Arts Project Incorporated is a registered charity in United States, based in Putney, VT. It received its IRS tax-exemption ruling in January 2013, 13 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, Next Stage Arts Project Incorporated reported income of $725k and spending of $587k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $725k (+186%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Next Stage Arts Project Incorporated sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within VT. Charities of a similar size with the same main cause include Robert H Jackson Center Inc ($724k), Old Dominion University Museum Foundation ($725k) and Key West Film Society Inc ($724k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 23% of the total. Other salaries and wages came to $212k. At year end it held assets of $1.7m against liabilities of $16k, net assets of $1.7m. It reported 4 employees.