Merry-Go-Round Playhouse Inc

Analysis

Merry-Go-Round Playhouse Inc is a registered charity in United States, based in Auburn, NY. It received its IRS tax-exemption ruling in May 1974, 52 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 December 2023, Merry-Go-Round Playhouse Inc reported income of $4.2m and spending of $5.0m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.4m to $4.2m (-4.5%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 175%. 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, Merry-Go-Round Playhouse Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Womans Exchange Inc of Sarasota ($4.2m), Childrens Cancer Association ($4.2m) and Western Virginia Foundation for the Arts and Sciences ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $168k (3.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $4.5m against liabilities of $3.0m, net assets of $1.6m. It reported 259 employees.