Area Stage Inc

Analysis

Area Stage Inc is a registered charity in United States, based in South Miami, FL. It received its IRS tax-exemption ruling in May 1991, 35 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Area Stage Inc reported income of $1.9m and spending of $2.0m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.9m (+60%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 69%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Area Stage Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Les Ballets Trockadero de Monte Carlo Inc ($1.9m), Santa Barbara Opera Association ($1.9m) and Theatre Winter Haven Inc ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $164k (8.3% of expenses). At year end it held assets of $424k against liabilities of $688k, net assets of -$264k. It reported 7 employees.