THE NEW 42ND STREET INC
THE NEW 42ND STREET INC
THE NEW 42ND STREET INC
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THE NEW 42ND STREET INC is a nonprofit organization dedicated to enhancing the arts and culture landscape through the power of performing arts, focusing on theater and new works. With an operating budget of $23.4 million and total revenue of $28 million, the organization plays a vital role in the iconic 42nd Street theater district, stewarding seven historic theater properties while ensuring access to extraordinary performing arts for all ages. The organization does not rely on a single funder for 50% or more of its revenue. For more information, visit www.new42.org.
Mission Statement
THE NEW 42ND STREET, INC. CATALYZES THE POWER OF PERFORMING ARTS TO SPARK NEW PERSPECTIVES, INCUBATE NEW WORKS AND CREATE NEW OPPORTUNITIES FOR US ALL. THROUGH THE NONPROFIT'S SIGNATURE PROJECTS, NEW 42 MAKES EXTRAORDINARY PERFORMING ARTS A VITAL PART OF EVERYONE'S LIFE, FROM THE EARLIEST YEARS ONWARD. THE ORGANIZATION ALSO STEWARDS SEVEN HISTORIC THEATER PROPERTIES ON 42ND STREET, ENSURING THE LEGACY AND VITALITY OF AMERICA'S MOST ICONIC THEATER DISTRICT.
Cause Areas
3
Performing arts
Theater
Arts and culture
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is THE NEW 42ND STREET INC’s budget?
In 2024, THE NEW 42ND STREET INC reported an annual operating budget of around $23.4 million. More detailed financial information is available to registered users.
What causes does THE NEW 42ND STREET INC support?
THE NEW 42ND STREET INC supports work in Performing arts, Theater, and Arts and culture.
Where does THE NEW 42ND STREET INC operate?
THE NEW 42ND STREET INC is headquartered in NEW YORK, NY.
Who funded THE NEW 42ND STREET INC recently?
In 2025, THE NEW 42ND STREET INC received grants from MARC AND DIANE SPILKER FOUNDATION, AMERICAN ONLINE GIVING FOUNDATION INC, and NINA W WERBLOW CHARITABLE TRUST. More information on this organization’s funders is available to registered users.
What is the largest grant THE NEW 42ND STREET INC received in 2024?
The largest grant to THE NEW 42ND STREET INC in 2024 exceeds $5.8 million.
What is THE NEW 42ND STREET INC’s reliance on government grants?
THE NEW 42ND STREET INC relied on government grants for less than 5% of their total revenue in 2024.