Matinee Musicale Incorporated

Analysis

Matinee Musicale Incorporated is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in September 1965, 61 years ago. 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 June 2024, Matinee Musicale Incorporated reported income of $70k and spending of $95k, spending 136% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $52k to $70k (+35%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Matinee Musicale Incorporated sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 24th percentile within MN. Charities of a similar size with the same main cause include QCH Foundation Inc ($70k), Endowment Fund for Family Planning in South Texas ($70k) and St Louis Xmas Carolers Assn ($70k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 29% of the total. At year end it held assets of $276k against liabilities of $0, net assets of $276k.