Musicals at Richter Inc

Analysis

Musicals at Richter Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in November 1991, 35 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 October 2023, Musicals at Richter Inc reported income of $160k and spending of $147k, spending 91% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $118k to $160k (+35%), an average of +36% a year. The sharpest change came in the year to October 2023, when income rose by 35%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musicals at Richter Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within CT. Charities of a similar size with the same main cause include Cape Verdean Museum Exhibit ($160k), Abada-Capoeira Marin ($160k) and Pipestone County Historical Society ($160k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 58% and program service revenue 38% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.