Emit Theatre Inc

Analysis

Emit Theatre Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 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 August 2023, Emit Theatre Inc reported income of $118k and spending of $148k, spending 126% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $84k to $118k (+41%), an average of +41% a year. The sharpest change came in the year to August 2023, when income rose by 41%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Emit Theatre Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include St Louis Scottish Games ($118k), New England Folk Festival Association Inc ($118k) and Troupe Over the Hill ($118k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. At year end it held assets of $10k against liabilities of $20k, net assets of -$9,444.