Theatrical Arts at Forestburgh Inc

Analysis

Theatrical Arts at Forestburgh Inc is a registered charity in United States, based in Forestburgh, NY. It received its IRS tax-exemption ruling in September 2014, 12 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, Theatrical Arts at Forestburgh Inc reported income of $1.1m and spending of $1.5m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $848k to $1.1m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 321%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatrical Arts at Forestburgh Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Conococheague Institute for the Study of Cultural Heritage ($1.1m), Jazz in Arizona Inc ($1.1m) and Phoenix Conservatory of Music ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $41k (2.8% of expenses). Other salaries and wages came to $439k. At year end it held assets of $458k against liabilities of $864k, net assets of -$405k. It reported 137 employees.