Uptown Music Theatre

Analysis

Uptown Music Theatre is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 2002, 24 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, Uptown Music Theatre reported income of $81k and spending of $84k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $465k to $81k (-83%), an average of -35% a year. The sharpest change came in the year to December 2023, when income rose by 125%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Uptown Music Theatre sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within LA. Charities of a similar size with the same main cause include Choicirciati Cultural Center Inc ($81k), Bangladesh Association of New England ($81k) and Cedar Lake Summerfest Committee Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.