Michigan Theatre of Jackson Inc

Analysis

Michigan Theatre of Jackson Inc is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in March 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michigan Theatre of Jackson Inc reported income of $4.0m and spending of $612k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $775k to $4.0m (+421%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 383%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michigan Theatre of Jackson Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Zoras House Inc ($4.0m), New Britain Museum of American Art Inc ($4.0m) and South Dakota Symphony Orchestra ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $75k (12% of expenses). Other salaries and wages came to $154k. At year end it held assets of $6.1m against liabilities of $980k, net assets of $5.1m. It reported 15 employees.