Friends of the Midwest Theater

Analysis

Friends of the Midwest Theater is a registered charity in United States, based in Scottsbluff, NE. It received its IRS tax-exemption ruling in March 2000, 26 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 2022, Friends of the Midwest Theater reported income of $851k and spending of $625k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $555k to $851k (+53%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Midwest Theater sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NE. Charities of a similar size with the same main cause include Friends of Lied ($850k), Central Arts Alliance ($851k) and Riverside Theatre ($850k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 67% and program service revenue 28% of the total. Other salaries and wages came to $212k. At year end it held assets of $2.4m against liabilities of $18k, net assets of $2.4m. It reported 14 employees.