North Street Playhouse Inc

Analysis

North Street Playhouse Inc is a registered charity in United States, based in Onancock, VA. It received its IRS tax-exemption ruling in May 1997, 29 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, North Street Playhouse Inc reported income of $124k and spending of $139k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $142k to $124k (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Street Playhouse Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include Albertus Magnus Institute Inc ($124k), Preservation Pennsylvania ($124k) and Seth Peterson Cottage Conservancy Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $16k (11% of expenses). Other salaries and wages came to $8,736. At year end it held assets of $239k against liabilities of $138k, net assets of $101k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.