Maryland Theatre Association Inc

Analysis

Maryland Theatre Association Inc is a registered charity in United States, based in Hagerstown, MD. 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 (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 2024, Maryland Theatre Association Inc reported income of $2.1m and spending of $2.4m, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $10.2m to $2.1m (-79%), an average of -27% a year. The sharpest change came in the year to June 2020, when income dropped by 76%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maryland Theatre Association Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Whitemarsh Community Art Center ($2.1m), Southern Highland Handicraft Guild Inc ($2.1m) and Ragtag Film Society ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $115k (4.9% of expenses). Other salaries and wages came to $618k. At year end it held assets of $18.6m against liabilities of $334k, net assets of $18.3m. It reported 14 employees.