San Jose Childrens Musical Theater

Analysis

San Jose Childrens Musical Theater is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in May 1973, 53 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 August 2023, San Jose Childrens Musical Theater reported income of $3.5m and spending of $3.9m, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.8m to $3.5m (+25%), an average of +5.8% a year. The sharpest change came in the year to August 2020, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Jose Childrens Musical Theater sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Adventurous Minds Produce Extraordinary Dreams Inc ($3.5m), Sciencenter Discovery Museum ($3.5m) and Allentown Symphony Association Inc ($3.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $446k (11% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.2m against liabilities of $2.7m, net assets of $2.5m. It reported 164 employees.