Music Theatre Philly LLC

Analysis

Music Theatre Philly LLC is a registered charity in United States, based in Gladwyne, PA. It received its IRS tax-exemption ruling in June 2019, 7 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, Music Theatre Philly LLC reported income of $418k and spending of $394k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $418k (+103%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 145%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music Theatre Philly LLC sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Hiawatha Music Non-Profit Corp ($418k), Ink Cares ($418k) and Remix Education Inc ($418k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $71k (18% of expenses). Other salaries and wages came to $47k. At year end it held assets of $27k against liabilities of $98k, net assets of -$72k. It reported 3 employees.