Musical Theatre Factory

Analysis

Musical Theatre Factory is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Musical Theatre Factory reported income of $313k and spending of $613k, spending 196% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $285k to $313k (+9.9%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 102% 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 Theatre Factory sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include 4theville ($313k), Kings Canvas Gallery & Studio ($314k) and Historic Wendover Airfield Inc ($313k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $127k (21% of expenses). Other salaries and wages came to $58k. At year end it held assets of $142k against liabilities of $129k, net assets of $12k. It reported 9 employees.