Magenta Theater

Analysis

Magenta Theater is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in December 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 December 2023, Magenta Theater reported income of $230k and spending of $188k, spending 81% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $237k to $230k (-2.7%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Magenta Theater sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include Bandwagon Institute for the Arts ($230k), Muslim American Society Houston ($230k) and Columbus Arts Council Incorporated ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $432k against liabilities of $23k, net assets of $409k.