Aquila Theatre Company

Analysis

Aquila Theatre Company is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2000, 26 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, Aquila Theatre Company reported income of $735k and spending of $959k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $735k (-44%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 110%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aquila Theatre Company sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Rufus Porter Museum Inc ($735k), Richmond Triangle Players ($735k) and Where Angels Play Foundation ($734k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $136k (14% of expenses). Other salaries and wages came to $294k. At year end it held assets of $794k against liabilities of $18k, net assets of $776k. It reported 20 employees.