Music Theatre Wichita

Analysis

Music Theatre Wichita is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in May 1972, 54 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 Wichita reported income of $4.5m and spending of $5.4m, spending 119% of what it took in. Across the 6 years on record, from October 2019 to December 2023, income fell from $8.4m to $4.5m (-46%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 635%. Over the whole period it spent 77% 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 Wichita sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within KS. Charities of a similar size with the same main cause include National Urban Indian Family Coalition ($4.5m), Free to Choose Network ($4.5m) and Foundation for Lincoln Public Schools ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $413k (7.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $13.5m against liabilities of $2.9m, net assets of $10.6m. It reported 320 employees.