Matthews Playhouse of Performing Arts Inc

Analysis

Matthews Playhouse of Performing Arts Inc is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in April 1999, 27 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 June 2023, Matthews Playhouse of Performing Arts Inc reported income of $1.0m and spending of $990k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $704k to $1.0m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 120%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Matthews Playhouse of Performing Arts Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Boothbay Railway Village ($1.0m), The Andrew Keegan Theatre Company ($1.0m) and The Woodlands Childrens Museum ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 74% of the total. Other salaries and wages came to $379k. At year end it held assets of $907k against liabilities of $178k, net assets of $729k. It reported 11 employees.