New Stage Inc

Analysis

New Stage Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in November 1965, 61 years ago. 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 July 2023, New Stage Inc reported income of $1.4m and spending of $1.5m, spending 114% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.9m to $1.4m (-28%), an average of -8.0% a year. The sharpest change came in the year to July 2020, when income dropped by 39%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Stage Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within MS. Charities of a similar size with the same main cause include Boys & Girls Club of Southwestern Oregon ($1.4m), Beaver Falls Youth Network Inc ($1.4m) and Norfolk City Union of the Kings Daughters Inc ($1.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 35% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $66k (4.3% of expenses). Other salaries and wages came to $693k. At year end it held assets of $4.7m against liabilities of $170k, net assets of $4.5m. It reported 80 employees.