Majestic Theater Association

Analysis

Majestic Theater Association is a registered charity in United States, based in Pottsville, PA. It received its IRS tax-exemption ruling in May 2002, 24 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 December 2023, Majestic Theater Association reported income of $111k and spending of $116k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $92k to $111k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Majestic Theater Association sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include Center for Cultural Vibrancy ($111k), Corinth Area Arts Council Inc ($111k) and Childrens Museum of Central Nebraska Inc ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $12k (10% of expenses). At year end it held assets of $619k against liabilities of $383k, net assets of $236k.