Marcus Center for the Performing Arts Inc

Analysis

Marcus Center for the Performing Arts Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in October 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, Marcus Center for the Performing Arts Inc reported income of $16.4m and spending of $19.6m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.2m to $16.4m (+15%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 196%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marcus Center for the Performing Arts Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Theatre Development Fund Inc ($16.3m), Florida West Coast Public Broadcasting Inc ($16.4m) and Population Connection ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $625k (3.2% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $24.5m against liabilities of $4.9m, net assets of $19.6m. It reported 418 employees.