New Victory Theatre

Analysis

New Victory Theatre is a registered charity in United States, based in Burbank, CA. It received its IRS tax-exemption ruling in January 2021, 5 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 February 2024, New Victory Theatre reported income of $173k and spending of $119k, leaving 31% of income unspent that year. Across the 3 years on record, from February 2022 to February 2024, income grew from $118k to $173k (+46%), an average of +21% a year. The sharpest change came in the year to February 2023, when income rose by 24%. Over the whole period it spent 91% 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 Victory Theatre sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Snap Cultural Events ($173k), Boulder Potters Guild ($173k) and Hawaiian Historical Society ($173k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 62% and program service revenue 14% of the total. Other salaries and wages came to $40k. At year end it held assets of $511k against liabilities of $0, net assets of $511k.