Keystone State Music Theater Association

Analysis

Keystone State Music Theater Association is a registered charity in United States, based in Cranberry TWP, PA. It received its IRS tax-exemption ruling in July 2014, 12 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, Keystone State Music Theater Association reported income of $454k and spending of $447k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $427k to $454k (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Keystone State Music Theater Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Create Wisconsin Inc ($454k), Insight for the Blind Inc ($454k) and Southington Community Cultural Arts Inc ($454k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $114k (26% of expenses). Other salaries and wages came to $117k. At year end it held assets of $190k against liabilities of $3,032, net assets of $187k. It reported 9 employees.