New Light Theater Project Inc

Analysis

New Light Theater Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2017, 9 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 December 2023, New Light Theater Project Inc reported income of $367k and spending of $381k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $326k to $367k (+12%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Light Theater Project Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include KLCS Education Foundation ($366k), Appalachian Childrens Chorus Inc ($367k) and Ricochet Productions Incorporated ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $55k (14% of expenses). Other salaries and wages came to $165k. At year end it held assets of $333k against liabilities of $221k, net assets of $112k. It reported 27 employees.