Morgantown Theatre Company

Analysis

Morgantown Theatre Company is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in May 2001, 25 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 December 2023, Morgantown Theatre Company reported income of $234k and spending of $221k, spending 95% of its income. Across the 3 years on record, from December 2017 to December 2023, income fell from $234k to $234k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Morgantown Theatre Company sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within WV. Charities of a similar size with the same main cause include Seattle Chinese Association ($234k), Texas Jazz Festival Society ($234k) and City Lights & Company ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $36k. At year end it held assets of $152k against liabilities of $7,868, net assets of $145k. It reported 1 employees.