Musical Theater Center

Analysis

Musical Theater Center is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in February 2015, 11 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 December 2023, Musical Theater Center reported income of $226k and spending of $242k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $147k to $226k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musical Theater Center sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 61st percentile within SC. Charities of a similar size with the same main cause include Appian Media Resources Inc ($226k), Mezcla Media Collective Ltd ($226k) and Friends Of@levitt Pavilion San Jose ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 95% of the total. At year end it held assets of $16k against liabilities of $300, net assets of $15k.