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PeerBasis
Compensation Comparability Determination

The 24 Hour Company

Executive Director / CEO

EIN 043587685
NY · NTEE A65
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Mark Armstrong, Executive Director / CEO ($58,034) against every comparable organization that fit the selection criteria — 50 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 62nd percentile of comparable organizationswithin the typical range

How comparable organizations were selected

50 organizations qualified on sector, size, and geography 50 within the band form the benchmarked peer set.

Distribution of comparable compensation

$4,800 total compensation of comparable organizations → $149,047 $58,034
$11,52010th
$30,34625th
$51,964Median
$69,44975th
$89,61090th
$58,034This org · 62nd
p10$11,520
p25$30,346
p50$51,964
p75$69,449
p90$89,610
$58,034

Comparable organizations

Each figure is Form 990 Part VII columns D + F (reportable pay plus other compensation and benefits; column F may include amounts from related organizations), normalized to NY cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateTotal revenueTotal compSource
Caborca IncNY $413,336$64,217 990
Time & Space Limited Theatre Company IncNY $419,361$39,639 990
Afterwork Theater IncNY $407,873$69,692 990
Emerging Artists Theatre Co IncNY $426,009$25,254 990
Second Generation Theatre CompanyNY $400,401$9,713 990
The Theatre Of The Emerging AmericanNY $429,983$44,645 990
Saratoga Sponsor-a-scholarNY $391,840$35,000 990
Fiasco Theater LtdNY $442,801$38,010 990
Literature To Life IncNY $385,828$30,470 990
Theatre Of The Oppressed Nyc IncNY $447,079$78,327 990
The Theatre Within IncNY $379,723$34,400 990
White Bird Productions IncNY $450,835$60,000 990
Gingold Theatrical GroupNY $452,801$55,559 990
Assitejusa Dba Theatre For Young Audiences UsaincNY $375,692$96,992 990
Hallwalls IncNY $454,638$49,051 990
American Friends Of Chicken Shed IncNY $374,584$55,328 990
Co Lab Theater Group IncNY $369,803$86,810 990
New Federal Theatre IncNY $464,790$68,006 990
Sweet Jane Productions IncNY $465,782$57,077 990
The Inheiritance Project LtdNY $466,527$72,605 990
Soho Think Tank IncNY $362,005$47,536 990
New York Neo-futuristsNY $358,046$67,734 990
The Children's Theatre Company IncNY $356,467$4,800 990
Krymov Lab IncNY $480,680$10,296 990
North American Cultural LaboratoryNY $347,461$43,722 990

Methodology

Comparable organizations were drawn from electronically filed IRS Form 990 returns and matched on sector (NTEE code), budget (a size-adaptive revenue band that tightens as the organization grows), and geography (same-state first, broadening only when too few peers qualify); every organization within the band forms the peer set. To compare fairly across regions and years, peer compensation is normalized to NY cost of living (BEA Regional Price Parities, 2023) and to the subject's filing year (CPI-U). The figure benchmarked is Form 990 Part VII, Section A, columns D + F — reportable pay plus other compensation, benefits, and deferred amounts (column F may include amounts from related organizations) — with the chief executive matched by role. Related-organization amounts (column E) and institutional trustees are excluded. Full methodology: peerbasis.org/methodology.

Sample, role match & sensitivity

Sensitivity — the subject's percentile under alternative compensation definitions:

BasisSubject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default62nd
Total compensation (D + F), as reported (no adjustments)60th
Reportable pay only (column D), adjusted54th
All sources (D + E + F), adjusted62nd

If the percentile moves materially across these definitions, the result is sensitive to methodology choices, and the board should weigh which basis best fits its facts.

Rebuttable presumption of reasonableness · 26 CFR 53.4958-6

Compensation paid by a tax-exempt organization is presumed reasonable — shifting the burden to the IRS — when three requirements are met. This report supplies the comparability data for the second. The board should record the following in its minutes concurrently with its decision:

Draft board minutes — executive compensation

  1. The compensation of the Executive Director / CEO (Mark Armstrong) was approved in advance by [the Board / Compensation Committee], composed of members with no conflict of interest with respect to the arrangement.
  2. Prior to its determination, the authorized body obtained and relied upon appropriate comparability data, namely the PeerBasis Compensation Comparability Determination dated June 9, 2026, comparing compensation against 50 similarly situated organizations (Same NTEE sector (A65) + NY + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $58,034 is reasonable (approximately the 62nd percentile of comparable organizations) and documented the basis for this determination concurrently, on [date], by a vote of [__ for / __ against].

Sources: IRS Form 990 e-file data (apps.irs.gov); IRS Business Master File (NTEE classification). This report is comparability data to support a board's good-faith determination under IRC 4958; it is not legal or tax advice. Generated by PeerBasis on June 9, 2026.