New York · Nonprofit
PROSPECT THEATER COMPANY INC
PROSPECT THEATER COMPANY INC (New York) receives grants from 31 organizations whose IRS filings report $934,417 to it, the largest being THE HOWARD GILMAN FOUNDATION INC ($243,750). 18 of them have funded it in more than one year.
- Revenue FY2025
- $575k
- Funders on record
- 31
- Grants received
- $934k
- Net assets
- $135k
What Prospect Theater Company Inc does
Mission
Prospect is dedicated to fostering and showcasing todays new voices shaping tomorrows musicals. We develop and produce new works, envisioned and implemented by emerging artists. Prospect creates educational and training opportunities, sustains a supportive network within the field, and provides a forum for artists and audiences to connect and learn from each other.
As stated on its FY2025 Form 990.
Programs
THE OSCAR MICHEAUX PROJECT Music by ALPHONSO HORNE Co-Book & Co-Lyrics by JESSE L. KEARNEY, JR. Co-Lyrics and Additional Music by PETER MILLS Co-Book by CARA REICHEL Development of a new musical which included a staged reading in January 2025, demo recordings of songs from the show and a workshop production of a jazz musical theater work presented at the Baruch Performing Arts Center in June 2025. 6 performances 558 attendees
$293,464 spent$11,840 earned by the program52% of program spendingIGNITE CONCERT FESTIVAL A series of concerts and special events presented March and April 2025 showcasing works in progress musical theater works including: Friday, March 28 2025 @ 7:30p: Marguerite, In Concert Saturday, March 29 2025 @ 7:30p: Broadway Barkada, In Concert Sunday, March 30 2025 @ 3p: Women of WICKED - Panel Discussion Wednesday, April 2 2025@ 7:30p: Cherry Orchard, In Concert Saturday April 5 2025 @ 7:30p & Sunday April 6 @ 3p: We Foxes, In Concert presented with Actor Therapy New Works & Very Intense Productions Thursday, April 10 2025 @ 7:30p: The Battle of Blythe Road, In Concert prpresented with On The Quays Sunday, April 13 2025 @ 2p: Amberland, In Concert presented with Ring of Keys 8 performances 1057 Attendees
$136,305 spent$21,985 earned by the program24% of program spendingMAYA - THE MUSICAL IN CONCERT Book & Music by CHEEYANG NG Book & Lyrics by ERIC SORRELS Directed by J. MEHR KAUR A concert of the New Musical presented by Prospects IGNITE Series in partnership with National Asian Artists Project THURSDAY, NOVEMBER 21 2024 @ 7PM, Symphony Space 1 performance 409 Attendees
$46,147 spent$20,232 earned by the program8% of program spendingOther program services included the Annual Musical Theater Lab: Jump Cut and Projects in Development. Jump Cut presented ten-minute musical works by multiple composer and writer teams in one public performance on February 20, 2025 serving 358 attendees. Projects in Development included concerts, staged readings, artist talks, work shares, and direct support for composers creating new musical theater works, ncluding Yukon, Ho!, The Troupe, and Songs for Hands on a Thursday. Collectively, these programs served approximately 534 attendees.
$84,152 spent$5,436 earned by the program15% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $560,068.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $57k to $376k (+555%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 7% · 2018 6% · 2019 4% · 2020 2% · 2021 47% · 2022 37% · 2023 15% · 2024 14% · 2025 29%. Grants only. Government contracts and fees sit inside program revenue.
89% of PROSPECT THEATER COMPANY INC’s revenue is contributions — more donation-reliant than the typical peer (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 17 funders, grant income rose $26k → $208k.
6 of 31 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 32% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of PROSPECT THEATER COMPANY INC’s funders (the co-funder graph). Top 30 of 31 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
PROSPECT THEATER COMPANY INC leans on a few funders — its largest provides 26% of grant income and the top three 58%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
36% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PROSPECT THEATER COMPANY INC.
Largest funder’s share by year: 2017 76% · 2018 44% · 2019 37% · 2020 47% · 2021 61% · 2022 59% · 2023 45% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
43% of PROSPECT THEATER COMPANY INC's funders are still giving 3 years after their first grant; 58% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
78% of PROSPECT THEATER COMPANY INC's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $301k arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
PROSPECT THEATER COMPANY INC's funding base is broadening — from 3 funders to 17 as grant income climbed.
this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025
Government funding PROSPECT THEATER COMPANY INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $85k on record.
- National Endowment for the Arts$85k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like PROSPECT THEATER COMPANY INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
79% of spending goes to programs.
Governance
Public support
87%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 2 states
Screen this organization
A dated, signed PDF of the compliance screen for PROSPECT THEATER COMPANY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds PROSPECT THEATER COMPANY INC?
- PROSPECT THEATER COMPANY INC (New York) receives grants from 31 organizations whose IRS filings report $934,417 to it, the largest being THE HOWARD GILMAN FOUNDATION INC ($243,750). 18 of them have funded it in more than one year.
- How many funders does PROSPECT THEATER COMPANY INC have?
- IRS filings report 31 organizations giving $934,417 in grants to PROSPECT THEATER COMPANY INC, 18 of which have funded it in more than one year.
- Who is the largest funder of PROSPECT THEATER COMPANY INC?
- THE HOWARD GILMAN FOUNDATION INC is the largest funder on record, with $243,750 in grants. The full list of funders is on this page.
- How can an organization like PROSPECT THEATER COMPANY INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Prospect Theater Company →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 31 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing