Music Hall Center for the Performing Arts Inc

Analysis

Music Hall Center for the Performing Arts Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in October 1973, 53 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 September 2023, Music Hall Center for the Performing Arts Inc reported income of $9.5m and spending of $8.4m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.3m to $9.5m (+52%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 109%. Over the whole period it spent 91% 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 Hall Center for the Performing Arts Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Museum of the American Revolution ($9.5m), Trustees of Calder Gardens ($9.5m) and JCPDS International Centre for Diffraction Data ($9.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $495k. At year end it held assets of $10.5m against liabilities of $8.1m, net assets of $2.3m. It reported 278 employees.