Ars Nova Theater I Inc

Analysis

Ars Nova Theater I Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2009, 17 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, Ars Nova Theater I Inc reported income of $4.0m and spending of $4.3m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.7m to $4.0m (-30%), an average of -8.5% a year. The sharpest change came in the year to June 2021, when income rose by 156%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ars Nova Theater I Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Boston Childrens Chorus Inc ($4.0m), Paramount Theatre of the Arts Inc ($4.0m) and Beck Center for the Arts ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $313k (7.2% of expenses). Other salaries and wages came to $1.8m. It paid $64k in professional fundraising fees. At year end it held assets of $11.1m against liabilities of $482k, net assets of $10.7m. It reported 244 employees.