Reagle Music Theatre of Greater Boston Inc

Analysis

Reagle Music Theatre of Greater Boston Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in June 1977, 49 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, Reagle Music Theatre of Greater Boston Inc reported income of $899k and spending of $926k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $899k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Reagle Music Theatre of Greater Boston Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Gichigamiin Indigenous Nations ($898k), Jabberwocky Theatre Company ($899k) and Austin Womans Club ($898k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $70k (7.6% of expenses). Other salaries and wages came to $405k. At year end it held assets of $475k against liabilities of $74k, net assets of $401k. It reported 173 employees.