The Musical Theater Project

Analysis

The Musical Theater Project is a registered charity in United States, based in Middlebrg HTS, OH. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, The Musical Theater Project reported income of $496k and spending of $575k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $674k to $496k (-26%), an average of -9.7% a year. The sharpest change came in the year to June 2021, when income dropped by 35%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Musical Theater Project sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Sausalito Nursery School ($496k), Little Mountain Preschool ($496k) and Compass Education and Career Foundation Inc ($496k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $168k (29% of expenses). Other salaries and wages came to $64k. At year end it held assets of $1.0m against liabilities of $382k, net assets of $639k. It reported 5 employees.

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.