Red Bull Theater Inc

Analysis

Red Bull Theater Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2003, 23 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, Red Bull Theater Inc reported income of $1.4m and spending of $1.8m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.4m (-3.8%), an average of -1.0% a year. The sharpest change came in the year to June 2022, when income rose by 66%. 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, Red Bull Theater Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Basis Research Institute ($1.4m), Tekeyan Cultural Association Inc ($1.4m) and Charleston Jazz ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $371k (20% of expenses). Other salaries and wages came to $463k. At year end it held assets of $667k against liabilities of $81k, net assets of $585k. It reported 76 employees.