Masquerade Theatre Inc

Analysis

Masquerade Theatre Inc is a registered charity in United States, based in Union City, TN. It received its IRS tax-exemption ruling in June 1991, 35 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 2024, Masquerade Theatre Inc reported income of $133k and spending of $133k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $74k to $133k (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 219%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Masquerade Theatre Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within TN. Charities of a similar size with the same main cause include Abraham Lincoln Association ($133k), Magfest Inc ($133k) and Hungry Hill Center for Art Education and Outreach ($133k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 50% of the total. At year end it held assets of $312k against liabilities of $27k, net assets of $285k.