Midcoast Youth Theater

Analysis

Midcoast Youth Theater is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in March 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Midcoast Youth Theater reported income of $84k and spending of $55k, leaving 35% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $32k to $84k (+161%), an average of +161% a year. The sharpest change came in the year to September 2023, when income rose by 161%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midcoast Youth Theater sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 25th percentile within ME. Charities of a similar size with the same main cause include Washington Heights Chamber Orchestra Corporation ($84k), Bunker Projects Inc ($84k) and New Town at St Charles Trust ($84k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 6.6% and program service revenue 93% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.