Teatro Nuovo Inc

Analysis

Teatro Nuovo Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 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 October 2023, Teatro Nuovo Inc reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $1.1m to $1.1m (-6.8%), an average of -1.7% a year. The sharpest change came in the year to October 2021, when income rose by 110%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Teatro Nuovo Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Skaneateles Festival Inc ($1.1m), Science Atl Inc ($1.1m) and Lincoln Collection Endowment ($1.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $217k. At year end it held assets of $128k against liabilities of $82k, net assets of $46k. It reported 88 employees.