Thursday Musical

Analysis

Thursday Musical is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in February 1938, 88 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 April 2024, Thursday Musical reported income of $75k and spending of $74k, spending 98% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $41k to $75k (+83%), an average of +83% a year. The sharpest change came in the year to April 2024, when income rose by 83%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thursday Musical sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Raton Arts & Humanities Council Inc ($75k), Brazos Chamber Orchestra ($75k) and Tri-State Museum Foundation ($75k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 27% and program service revenue 3.0% of the total. At year end it held assets of $333k against liabilities of $1,425, net assets of $331k.