Martin Theater Inc

Analysis

Martin Theater Inc is a registered charity in United States, based in Lynn Haven, FL. It received its IRS tax-exemption ruling in May 2003, 23 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 2024, Martin Theater Inc reported income of $121k and spending of $87k, leaving 28% of income unspent that year. Across the 3 years on record, from June 2020 to June 2024, income fell from $172k to $121k (-30%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Martin Theater Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Elk Grove Fine Arts Center Inc ($121k), Scituate Historical Society ($121k) and Echo Theatre ($121k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 38% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.