Island City Stage

Analysis

Island City Stage is a registered charity in United States, based in Wilton Manors, FL. It received its IRS tax-exemption ruling in June 2012, 14 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 September 2023, Island City Stage reported income of $703k and spending of $694k, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $444k to $703k (+58%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Island City Stage 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 77th percentile within FL. Charities of a similar size with the same main cause include Florida Keys History and Diving Museum Inc ($703k), Launchbio Inc ($704k) and Washington Monthly Institute Inc ($703k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 30% of the total. Other salaries and wages came to $99k. At year end it held assets of $454k against liabilities of $102k, net assets of $352k. It reported 2 employees.