Narrows Community Theatre Inc

Analysis

Narrows Community Theatre Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1975, 51 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, Narrows Community Theatre Inc reported income of $110k and spending of $106k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $110k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Narrows Community Theatre Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Tacoma Music Academy ($110k), Bushwick Northwest ($110k) and Cne Band Boosters Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.