New York Classical Theatre Inc

Analysis

New York Classical Theatre Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, New York Classical Theatre Inc reported income of $597k and spending of $556k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $374k to $597k (+60%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 30%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New York Classical Theatre Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include The Art Center of Western Colorado ($597k), Lilith Publications Inc ($597k) and Amarillo Art Center Association ($597k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $76k (14% of expenses). Other salaries and wages came to $187k. It paid $17k in professional fundraising fees. At year end it held assets of $177k against liabilities of $217k, net assets of -$40k. It reported 31 employees.