Resident Acting Company

Analysis

Resident Acting Company is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2020, 6 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, Resident Acting Company reported income of $50k and spending of $48k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $50k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Resident Acting Company sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Backdoor Theatre ($50k), Scott County Regional Horse Assoc ($50k) and Taos Fall Arts Festival Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $8,086 against liabilities of $0, net assets of $8,086.