Pittsburgh Musical Theater

Analysis

Pittsburgh Musical Theater is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 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 June 2023, Pittsburgh Musical Theater reported income of $1.7m and spending of $2.1m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.7m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2020, when income rose by 103%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pittsburgh Musical Theater sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Demolay International ($1.7m), Volunteer Lawyers for the Arts Inc ($1.7m) and Festival International de Louisiane ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $109k (5.3% of expenses). Other salaries and wages came to $657k. At year end it held assets of $3.1m against liabilities of $881k, net assets of $2.2m. It reported 37 employees.