Marblehead Little Theatre Inc

Analysis

Marblehead Little Theatre Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Marblehead Little Theatre Inc reported income of $313k and spending of $282k, spending 90% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $145k to $313k (+115%), an average of +21% a year. The sharpest change came in the year to May 2021, when income rose by 98%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marblehead Little Theatre Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Vivace Music Foundation ($313k), Falmouth Theater Guild Inc ($313k) and Midwest Lumber Museum Inc ($313k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 42% and program service revenue 52% of the total. At year end it held assets of $1.0m against liabilities of $3,447, net assets of $1.0m.