National Comedy Center Operator Inc

Analysis

National Comedy Center Operator Inc is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in July 2019, 7 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, National Comedy Center Operator Inc reported income of $3.5m and spending of $5.2m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $3.5m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 145% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Comedy Center Operator Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include National Ornamental Metal Museum Inc ($3.5m), Bronx Museum of the Arts ($3.5m) and Path with Art ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $38k (0.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $22.1m against liabilities of $22.9m, net assets of -$760k. It reported 61 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.