Mixed Magic Theater & Cultural Events Inc

Analysis

Mixed Magic Theater & Cultural Events Inc is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in June 2005, 21 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, Mixed Magic Theater & Cultural Events Inc reported income of $112k and spending of $167k, spending 148% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $190k to $112k (-41%), an average of -41% a year. The sharpest change came in the year to June 2023, when income dropped by 41%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mixed Magic Theater & Cultural Events Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 35th percentile within RI. Charities of a similar size with the same main cause include Ukrainian Academy of Arts & Sciences in the U S Inc ($112k), Vasht ($112k) and St Louis African Chorus ($112k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.