Music Theatre West

Analysis

Music Theatre West is a registered charity in United States, based in Smithfield, UT. It received its IRS tax-exemption ruling in August 2007, 19 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 March 2024, Music Theatre West reported income of $227k and spending of $286k, spending 126% of what it took in. Across the 3 years on record, from March 2022 to March 2024, income fell from $432k to $227k (-47%), an average of -28% a year. The sharpest change came in the year to March 2023, when income dropped by 40%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music Theatre West sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within UT. Charities of a similar size with the same main cause include Conejo Oaks Symphony Inc ($227k), Hamilton Players Inc ($227k) and Allen Philharmonic Symphony Inc ($227k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 43% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $11k (4.0% of expenses). At year end it held assets of $194k against liabilities of $0, net assets of $194k. It reported 1 employees.