Ovation Musical Theatre Bainbridge

Analysis

Ovation Musical Theatre Bainbridge is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in September 2003, 23 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 December 2023, Ovation Musical Theatre Bainbridge reported income of $84k and spending of $100k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $84k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ovation Musical Theatre Bainbridge 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 28th percentile within WA. Charities of a similar size with the same main cause include Explore Their Stories ($84k), Dance to Your Hearts Delight ($84k) and Gustav Stickley House Foundation Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 54% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.