Black Rock Theater Corporation

Analysis

Black Rock Theater Corporation is a registered charity in United States, based in Fairfield, CT. It received its IRS tax-exemption ruling in December 2016, 10 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 December 2022, Black Rock Theater Corporation reported income of $569k and spending of $680k, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $638k to $569k (-11%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Rock Theater Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Great Lakes Chamber Orchestra Incorporated ($569k), Art Production Fund Inc ($569k) and Visionworkshops Inc ($569k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $55k (8.1% of expenses). Other salaries and wages came to $148k. At year end it held assets of $59k against liabilities of $54k, net assets of $5,026.