The Vanguard Theater Company

Analysis

The Vanguard Theater Company is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Vanguard Theater Company reported income of $393k and spending of $430k, spending 109% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income fell from $411k to $393k (-4.3%), an average of -0.9% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Vanguard Theater Company sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include North Raleigh Arts & Creative Theatre ($393k), Childrens Museum of Montana Inc ($393k) and Colorado Institute of Music ($393k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $12k (2.9% of expenses). Other salaries and wages came to $14k. At year end it held assets of $450k against liabilities of $455k, net assets of -$5,565. It reported 15 employees.