Mar-Va Theater Performing Arts Center Inc

Analysis

Mar-Va Theater Performing Arts Center Inc is a registered charity in United States, based in Pocomoke City, MD. It received its IRS tax-exemption ruling in December 1996, 30 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, Mar-Va Theater Performing Arts Center Inc reported income of $175k and spending of $178k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $193k to $175k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mar-Va Theater Performing Arts Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Korean Art Forum Inc ($175k), Andover Historic Preservation Corp ($175k) and Tooele City Arts Council ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $29k (17% of expenses). At year end it held assets of $288k against liabilities of $882, net assets of $287k. It reported 2 employees.