Maine State Music Theatre

Analysis

Maine State Music Theatre is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in February 1979, 47 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Maine State Music Theatre reported income of $7.2m and spending of $6.8m, spending 94% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $5.3m to $7.2m (+35%), an average of +7.7% a year. The sharpest change came in the year to October 2021, when income rose by 95%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maine State Music Theatre sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within ME. Charities of a similar size with the same main cause include Baltimore Childrens Museum Inc ($7.2m), Virginia Foundation for the Humanities and Public Policy ($7.2m) and Professional Childrens School Inc ($7.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $394k (5.8% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $10.3m against liabilities of $3.1m, net assets of $7.2m. It reported 216 employees.