Music Theater Works

Analysis

Music Theater Works is a registered charity in United States, based in Wilmette, IL. It received its IRS tax-exemption ruling in June 1981, 45 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 January 2024, Music Theater Works reported income of $1.9m and spending of $2.2m, spending 113% of what it took in. Across the 6 years on record, from January 2019 to January 2024, income grew from $1.1m to $1.9m (+74%), an average of +12% a year. The sharpest change came in the year to January 2022, when income rose by 107%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music Theater Works 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 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Union County Arts Center Inc ($1.9m), Grand Rapids Cable Access Center ($1.9m) and Galeria Studio 24 ($1.9m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 11% and program service revenue 87% of the total. Other salaries and wages came to $333k. At year end it held assets of $765k against liabilities of $446k, net assets of $318k. It reported 11 employees.