Marin Theatre Company

Analysis

Marin Theatre Company is a registered charity in United States, based in Mill Valley, CA. It received its IRS tax-exemption ruling in April 1969, 57 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 June 2023, Marin Theatre Company reported income of $2.0m and spending of $2.8m, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.7m to $2.0m (-46%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 26%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marin Theatre Company sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include International Council of the Museum of Modern Art ($2.0m), The Symphony Fund ($2.0m) and American Institute of Mining Metallurgical and Petroleum Engine ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $251k (8.8% of expenses). Other salaries and wages came to $963k. It paid $168k in professional fundraising fees. At year end it held assets of $3.1m against liabilities of $1.1m, net assets of $2.0m. It reported 81 employees.