Magical Theatre Company

Analysis

Magical Theatre Company is a registered charity in United States, based in Barberton, OH. It received its IRS tax-exemption ruling in February 1977, 49 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 2023, Magical Theatre Company reported income of $725k and spending of $611k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $517k to $725k (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Magical Theatre Company sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Old Dominion University Museum Foundation ($725k), Arts4all Florida ($725k) and Next Stage Arts Project Incorporated ($725k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 37% of the total. Other salaries and wages came to $32k. At year end it held assets of $3.2m against liabilities of $75k, net assets of $3.1m. It reported 4 employees.