Theater Mu Incorporated

Analysis

Theater Mu Incorporated is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 1993, 33 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 August 2023, Theater Mu Incorporated reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $572k to $1.4m (+152%), an average of +26% a year. The sharpest change came in the year to August 2021, when income rose by 71%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theater Mu Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include The Human Race Inc ($1.4m), Port Townsend Aero Museum ($1.4m) and Shakori Hills Community Arts Center Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $222k (17% of expenses). Other salaries and wages came to $402k. At year end it held assets of $1.2m against liabilities of $71k, net assets of $1.2m. It reported 25 employees.