Theater at Monmouth

Analysis

Theater at Monmouth is a registered charity in United States, based in Monmouth, ME. It received its IRS tax-exemption ruling in May 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Theater at Monmouth reported income of $470k and spending of $577k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $669k to $470k (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theater at Monmouth sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within ME. Charities of a similar size with the same main cause include Renaissance Arts Center Inc ($470k), Azuka Theatre Collective ($470k) and Trickster Art Gallery ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $58k (10% of expenses). Other salaries and wages came to $273k. At year end it held assets of $1.2m against liabilities of $19k, net assets of $1.2m. It reported 44 employees.