Charity Search / ATLANTIC THEATER COMPANY
Arts, Culture & Humanities (A650) IRS Verified DX Registered 990 on File

ATLANTIC THEATER COMPANY

EIN: 13-3218253 · NEW YORK, NY 10011-3302 · United States · FY 2025 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 72/100
Reliability (20%) 70/100
Effectiveness (25%) 93/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Mission Statement

Atlantic is a premiere off-Broadway theater dedicated to producing great plays simply and truthfully while using an artistic ensemble. The company was founded in 1985 by students of David Mamet and William H. Macy. Since then, we’ve produced more than 150 plays and grown into a preeminent theater recognized internationally for excellence. This reputation results from the consistent quality and ambitious scope of our productions, which include world and New York premieres, modern adaptations of classic plays, and U.S. debuts for great international writers. Among our many awards, we’ve received 12 Tonys and the Lucille Lortel and Drama Desk Awards for “Outstanding Body of Work.” In addition to being a producing company, Atlantic is also an acclaimed acting school, which is comprised of an accredited conservatory program, an undergraduate program operated through NYU, and afterschool and summer programs for over 400 children and teens. We also bring the same quality of instruction and specificity of approach that we provide at the School to the 3,500 public school students participating in our arts education programs. Our work at the Acting School and in our arts education programs is grounded in a creative approach called PRACTICAL AESTHETICS. Drawn from the teachings of our co-founders, this approach consists of a set of principles for both theater training and professional comportment. Those principles boil down to a specific thesis that’s especially powerful in our arts education programs: Atlantic believes that anyone, regardless of background or experience, can become an artist if they’re willing to be brave, work hard, and use their common sense. Our technique emphasizes self-reliance, professional work habits, and respect for and collaboration with others. So rather than providing a simply emotive experience, we meet our students where they’re at and give them an empowering set of tools to approach a variety of academic, personal, and professional challenges.

Financial Overview — FY 2025
$13.1M
Total Revenue
$12.0M
Total Expenses
$13.6M
Net Assets
508
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 87.4%
Fundraising Efficiency 938.6%
Operating Reserve 13.58x
Liability-to-Asset 55.1%
Revenue Diversification 55.5%
Executive Compensation $1.3M
Compared with Peers
FY 2025
Compared with 273 similar organizations (United States, Arts, Culture & Humanities, $10M–$100M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
87.4% 79.1%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
7.4% 13.3%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
5.2% 6.4%
P10P90
Above median
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
938.6% 763.3%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
13.6 mo 30.8 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
55.1% 14.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
55.5% 65.5%
P10P90
Above median
Revenue growth
Year over year revenue growth
-21.6% 8.7%
P10P90
Expense growth
Year over year expense growth
-23.2% 4.8%
P10P90
Surplus margin
Surplus as a share of revenue
8.3% 5.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $13.1M $12.0M $13.6M 87.4% 508
2024 $16.7M $15.6M $12.5M 87.2% 671
2023 $16.8M $15.1M $11.4M 91.3% 666
2022 $18.9M $14.8M $9.7M 90.2% 425
2021 $8.4M $7.8M N/A 339
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Organization Details
EIN
13-3218253
State
NY
City
NEW YORK
ZIP
10011-3302
Classification
A650
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
Foundation Code
15
Form 990
On File
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