Ma-Yi Filipino Theatre Ensemble Inc

Analysis

Ma-Yi Filipino Theatre Ensemble Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1992, 34 years ago. 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 June 2023, Ma-Yi Filipino Theatre Ensemble Inc reported income of $896k and spending of $1.4m, spending 154% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $896k (-27%), an average of -9.8% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ma-Yi Filipino Theatre Ensemble Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Home Health Care Professionals Inc ($896k), Colquitt Regional Medical Foundation Inc ($896k) and Hope Ignites Colorado ($896k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 21% of the total. Other salaries and wages came to $477k. At year end it held assets of $1.9m against liabilities of $158k, net assets of $1.7m. It reported 9 employees.