Afterwork Theater Inc

Analysis

Afterwork Theater Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2016, 10 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 June 2023, Afterwork Theater Inc reported income of $406k and spending of $361k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $488k to $406k (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2022, when income rose by 145%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Afterwork Theater Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Palm Springs Historical Society ($406k), Soundcorps Inc ($406k) and Altruism Media Inc ($406k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $74k (21% of expenses). At year end it held assets of $73k against liabilities of $9,066, net assets of $64k. It reported 5 employees.