Young Playwrights Theater Inc

Analysis

Young Playwrights Theater Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1998, 28 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 June 2023, Young Playwrights Theater Inc reported income of $822k and spending of $1.1m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $793k to $822k (+3.7%), an average of +0.9% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Young Playwrights Theater Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 51st percentile within DC. Charities of a similar size with the same main cause include Camerata Singers of Long Beach Inc ($822k), Opera in the Heights ($822k) and Sugar Hill Childrens Museum of Art and Storytelling ($822k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $126k (12% of expenses). Other salaries and wages came to $574k. At year end it held assets of $1.1m against liabilities of $380k, net assets of $764k. It reported 16 employees.