National Alliance for Musical Theatre Inc

Analysis

National Alliance for Musical Theatre Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1988, 38 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 April 2024, National Alliance for Musical Theatre Inc reported income of $1.2m and spending of $1.2m, spending 103% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $922k to $1.2m (+28%), an average of +6.4% a year. The sharpest change came in the year to April 2023, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Alliance for Musical Theatre Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Open Source Project for a Network ($1.2m), Powell County Museum & Arts Foundation Inc ($1.2m) and Rohingya Culture Center ($1.2m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $158k (13% of expenses). Other salaries and wages came to $334k. At year end it held assets of $635k against liabilities of $316k, net assets of $320k. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.