Stageworks Theatre Group Inc

Analysis

Stageworks Theatre Group Inc is a registered charity in United States, based in Pompton Lakes, NJ. It received its IRS tax-exemption ruling in November 2017, 9 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, Stageworks Theatre Group Inc reported income of $465k and spending of $484k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $211k to $465k (+120%), an average of +120% a year. The sharpest change came in the year to December 2023, when income rose by 120%. 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, Stageworks Theatre Group Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include San Jose Multicultural Artists Guild Inc ($465k), Voices of Hope Inc ($465k) and Latitude Inc NFP ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $64k against liabilities of $7,040, net assets of $57k.