Uptown Theater for Creative Arts Inc

Analysis

Uptown Theater for Creative Arts Inc is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in January 2018, 8 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, Uptown Theater for Creative Arts Inc reported income of $192k and spending of $193k, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $105k to $192k (+83%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 157%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Uptown Theater for Creative Arts Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Taiwanese American Federation of Northern California-Tafnc ($192k), Maiden Alley Cinema ($192k) and New Land Theatricals Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $16k (8.5% of expenses). Other salaries and wages came to $26k. At year end it held assets of $578k against liabilities of $121k, net assets of $457k. It reported 1 employees.