The Marathon Community Theatre Inc

Analysis

The Marathon Community Theatre Inc is a registered charity in United States, based in Marathon, FL. It received its IRS tax-exemption ruling in November 1978, 48 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, The Marathon Community Theatre Inc reported income of $523k and spending of $556k, spending 106% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income grew from $304k to $523k (+72%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 78%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Marathon Community Theatre Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include American Helicopter Museum & Education Center Inc ($523k), Society for the Study of Social Problems ($523k) and Paaia Fund ($523k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Other salaries and wages came to $144k. At year end it held assets of $402k against liabilities of $67k, net assets of $335k. It reported 11 employees.