Media Theatre for the Performing Arts

Analysis

Media Theatre for the Performing Arts is a registered charity in United States, based in Media, PA. It received its IRS tax-exemption ruling in December 1993, 33 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 August 2022, Media Theatre for the Performing Arts reported income of $1.8m and spending of $1.8m, spending 102% of its income. Across the 4 years on record, from August 2019 to August 2022, income grew from $1.5m to $1.8m (+23%), an average of +7.2% a year. The sharpest change came in the year to August 2022, when income rose by 56%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Media Theatre for the Performing Arts sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Huntsville Museum Association Inc ($1.8m), Youth on Record ($1.8m) and Vocalessence ($1.8m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $35k (1.9% of expenses). Other salaries and wages came to $948k. At year end it held assets of $993k against liabilities of $164k, net assets of $829k. It reported 57 employees.