Arts, Culture & Humanities (A190) IRS Verified DX Registered 990 on File

NEW 42ND STREET INC

EIN: 13-3584032 · NEW YORK, NY 10036-7205 · United States · FY 2023 Data

3 out of 5 58 / 100 Based on 2+ years of filings

Financial strength (30%) 75/100

Reliability (20%) 55/100

Effectiveness (25%) 100/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

Committed to the transformational power of the arts, The New 42nd Street builds on the foundation of seven historic theaters to make extraordinary performing arts and cultural engagement part of everyone’s life. The New 42nd Street fulfills this purpose: • through The New Victory Theater, New York City’s professional theater for kids and families, presenting the highest quality performing arts at affordable ticket prices, and providing model arts education programs and youth employment opportunities at the Theater. • by maintaining and fully using the New 42nd Street Studios and The Duke on 42nd Street to support performing artists in the creation of their work. • by continuing to make 42nd Street a lively cultural and entertainment destination, and ensuring the ongoing vibrancy of 42nd Street’s historic theaters: Apollo, Empire, Liberty, Lyric, Selwyn, Times Square and Victory.

Financial Overview — FY 2023

$23.6M

Total Revenue

$21.0M

Total Expenses

$46.3M

Net Assets

349

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 77.9%

Fundraising Efficiency 1151.2%

Operating Reserve 26.38x

Liability-to-Asset 11.6%

Revenue Diversification 70.4%

Executive Compensation $1.2M

Compared with Peers

FY 2023

Compared with 655 similar organizations (United States, Arts, Culture & Humanities, $10M–$100M in expenses), FY 2023.

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	77.9%	79.6%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	15.1%	13.1%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	7.0%	6.0%	P10P90	Below median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	1151.2%	814.0%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	26.4 mo	28.2 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	11.6%	13.6%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	70.4%	72.1%	P10P90	Above median
Revenue growth Year over year revenue growth	-2.1%	-2.2%	P10P90
Expense growth Year over year expense growth	8.8%	12.7%	P10P90
Surplus margin Surplus as a share of revenue	10.7%	0.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$23.6M	$21.0M	$46.3M	77.9%	349
2022	$24.1M	$19.3M	$43.6M	77.8%	324
2021	$16.4M	$14.2M	N/A	—	311

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Organization Details

EIN: 13-3584032
State: NY
City: NEW YORK
ZIP: 10036-7205
Classification: A190
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1990
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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