Life Jacket Theatre Company Inc

Analysis

Life Jacket Theatre Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2015, 11 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, Life Jacket Theatre Company Inc reported income of $118k and spending of $120k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $118k (-3.5%), an average of -3.5% a year. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Life Jacket Theatre Company Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Indigo Hippo Inc ($118k), Lvac Theatre Guild Inc ($118k) and Ohio Junior Classical Leauge ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.9% of the total. At year end it held assets of $35k against liabilities of $11k, net assets of $24k.