San Diego Musical Theatre

Analysis

San Diego Musical Theatre is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, San Diego Musical Theatre reported income of $1.3m and spending of $1.5m, spending 119% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.4m to $1.3m (-8.0%), an average of -1.7% a year. The sharpest change came in the year to June 2023, when income rose by 71%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Diego Musical Theatre sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Arts for Learning Connecticut ($1.3m), I and I Antique Tractor and Gas Engine Club ($1.3m) and Enlace Latino NC Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 57% of the total. Other salaries and wages came to $540k. At year end it held assets of $110k against liabilities of $819k, net assets of -$708k.

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.