Amas Musical Theatre Inc

Analysis

Amas Musical Theatre Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1970, 56 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 June 2023, Amas Musical Theatre Inc reported income of $997k and spending of $1.1m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $509k to $997k (+96%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Amas Musical Theatre Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Diavolo Dance Theatre ($997k), Midland Festival Ballet ($997k) and Turnip Green Creative Reuse ($997k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $83k (7.7% of expenses). Other salaries and wages came to $256k. At year end it held assets of $1.2m against liabilities of $954k, net assets of $254k. It reported 65 employees.