Mad River Theater Works

Analysis

Mad River Theater Works is a registered charity in United States, based in Yellow Springs, OH. It received its IRS tax-exemption ruling in March 1979, 47 years ago. 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 December 2023, Mad River Theater Works reported income of $185k and spending of $207k, spending 112% of what it took in. Across the 4 years on record, from August 2020 to December 2023, income fell from $221k to $185k (-16%), an average of -5.6% a year. The sharpest change came in the year to December 2023, when income rose by 1464%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mad River Theater Works sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Casa of Rochester-Monroe County Inc ($185k), Florida Police Chiefs Education Research Foundation Inc ($185k) and East Allen Township Volunteer Fire Dept ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.