Muncie Civic Theatre Association

Analysis

Muncie Civic Theatre Association is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in November 1938, 88 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, Muncie Civic Theatre Association reported income of $1.9m and spending of $971k, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $74k to $1.9m (+2410%), an average of +124% a year. The sharpest change came in the year to June 2020, when income rose by 916%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Muncie Civic Theatre Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include Womens Earth and Climate Action Network ($1.9m), State Street Ballet ($1.9m) and North Market Development Authority Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $54k (5.5% of expenses). Other salaries and wages came to $267k. At year end it held assets of $5.7m against liabilities of $337k, net assets of $5.4m. It reported 36 employees.