Mutual Dance Theatre and Arts Centers

Analysis

Mutual Dance Theatre and Arts Centers is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in December 2010, 16 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 July 2023, Mutual Dance Theatre and Arts Centers reported income of $337k and spending of $373k, spending 111% of what it took in. Across the 3 years on record, from July 2021 to July 2023, income grew from $218k to $337k (+54%), an average of +24% a year. The sharpest change came in the year to July 2022, when income rose by 111%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mutual Dance Theatre and Arts Centers sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Aitken Bible Historical Foundation ($337k), Methuen Memorial Music Hall Inc ($337k) and Alliance Francaise de Milwaukee Inc ($337k).

On its Form 990 for the period ending July 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 $35k (9.4% of expenses). Other salaries and wages came to $38k. At year end it held assets of $430k against liabilities of $249k, net assets of $181k. It reported 4 employees.