Martin Musicals

Analysis

Martin Musicals is a registered charity in United States, based in Weatherford, TX. 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 June 2024, Martin Musicals reported income of $62k and spending of $61k, spending 98% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $61k to $62k (+1.8%), an average of +1.8% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Martin Musicals 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 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Time Slip Theatre Incorporated ($62k), T T Hardy Online News Corp ($62k) and Tech Community Coalition Inc ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.