Playhouse 46 Inc

Analysis

Playhouse 46 Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2022, 4 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 December 2023, Playhouse 46 Inc reported income of $353k and spending of $372k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $268k to $353k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Playhouse 46 Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Island Choral Experience ($353k), Society of the Cincinnati in the State of Virginia ($353k) and Baileys Cafe Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $65k (17% of expenses). Other salaries and wages came to $60k. At year end it held assets of $62k against liabilities of $49k, net assets of $13k. It reported 14 employees.