Wings Theatre Company Inc

What it reported doing in 2010

The Wings Theatre Company, Inc., was founded with the mission of discovering, developing and producing new works for the stage, both plays and musicals, by American playwrights and composers. Since 1986, Wings has developed and produced over 125 new American plays and musicals, some of which have gone on to off-Broadway and regional productions. Plays and musicals premiered at Wings have three times won the OOBR Award for Excellence in off-off Broadway theatre as well as first place in the Off-off Broadway Short Play Festival and the John Gassner Memorial Playwriting Awards. Playwrights at Wings have the extremely valuable opportunity of seeing their work in full production for the first time and to benefit from the input of other artists, critics, and most importantly, audiences. With costs of mounting productions on or off-Broadway ranging into the millions, Wings is the rare venue where the entire season is comprised of opportunities to the new play and talented first-time playwright. These opportunities are rare indeed in the American theatre as, for financial reasons, most theatres, both for profit and non-profit, produce mostly proven works by known artists. In contrast, Wings takes the substantial risk of unknown work on virtually every production. We produce exclusively new plays. In addition to our work with playwrights, Wings serves as a training ground for other emerging theatre professionals including directors, actors, lighting, scenic and costume designers. By engaging a broad mix of artists - from those with vast professional experience including Broadway and regional credits, to young hopefuls seeking their first work outside an educational setting, Wings provides opportunities for young artists to work with seasoned professionals in a stable and supportive creative environment. The third portion of Wings' mission is to provide accessibility to theatre arts to those with little or no access. To this end, since 1986 Wings has provided thousands of free seats to the elderly, AIDS victims, youth groups and the mentally and physically handicapped. Wings continues to provide free seating to virtually any group who could not otherwise afford the cost of admission. Wings facilities are totally handicapped accessible. Wings Theatre Company, Inc, continues to play a pivotal role in the development and production of new plays by American Playwrights.

Financial Efficiency

• Mission deployment rate: 57.6%; rating input score 58
• Program expense ratio: 80%; rating input score 80

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
• Major donor itemization: Limited

Sustainability

• Operating margin: 28%; rating input score 88; 88th percentile among comparable filings
• Total-asset coverage ratio: 0.24; rating input score 24; 24th percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: Limited

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited