Masonic Theatre Preservation Foundation

Analysis

Masonic Theatre Preservation Foundation is a registered charity in United States, based in Clifton Forge, VA. It received its IRS tax-exemption ruling in March 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 June 2023, Masonic Theatre Preservation Foundation reported income of $477k and spending of $803k, spending 168% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $164k to $477k (+191%), an average of +31% a year. The sharpest change came in the year to June 2020, when income rose by 62%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Masonic Theatre Preservation Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Smyrna-Clayton Heritage Association ($477k), Africa International House U S a Inc ($477k) and Providence School of Arts Inc ($477k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $72k (9.0% of expenses). Other salaries and wages came to $70k. At year end it held assets of $8.0m against liabilities of $78k, net assets of $7.9m. It reported 7 employees.