Majestic Community Theater Foundation

Analysis

Majestic Community Theater Foundation is a registered charity in United States, based in Phillipsburg, KS. It received its IRS tax-exemption ruling in June 2001, 25 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, Majestic Community Theater Foundation reported income of $97k and spending of $141k, spending 145% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $166k to $97k (-41%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Majestic Community Theater Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within KS. Charities of a similar size with the same main cause include Tuckahoe Steam & Gas Association ($97k), Art League of Fort Bend County ($97k) and Unionville Tavern Preservation Society ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 90% of the total. At year end it held assets of $445k against liabilities of $0, net assets of $445k.