North Carolina Stage Company

Analysis

North Carolina Stage Company is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in March 2002, 24 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, North Carolina Stage Company reported income of $522k and spending of $634k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $699k to $522k (-25%), an average of -7.0% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 93% 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 Carolina Stage Company sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Stages Chicago ($522k), Walpole Media Corporation ($522k) and Seven Stages Inc ($522k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $66k (10% of expenses). Other salaries and wages came to $134k. At year end it held assets of $259k against liabilities of $127k, net assets of $131k. It reported 21 employees.