Skylight Music Theatre Corp

Analysis

Skylight Music Theatre Corp is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 1963, 63 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 June 2023, Skylight Music Theatre Corp reported income of $2.9m and spending of $4.4m, spending 153% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.7m to $2.9m (+7.3%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 43%. 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, Skylight Music Theatre Corp sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WI. Charities of a similar size with the same main cause include The History Theatre Inc ($2.9m), Weston Playhouse Theatre ($2.9m) and Performing Arts at Metropolis ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $335k (7.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.2m against liabilities of $2.8m, net assets of $1.5m. It reported 183 employees.