Merced Theatre Foundation Inc

Analysis

Merced Theatre Foundation Inc is a registered charity in United States, based in Merced, CA. It received its IRS tax-exemption ruling in April 2003, 23 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, Merced Theatre Foundation Inc reported income of $961k and spending of $992k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $390k to $961k (+146%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 223%. 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, Merced Theatre Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Curious Theatre Company ($960k), Edison Arts Foundation Inc ($961k) and Friends of Ambler Farm Inc ($959k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $126k (13% of expenses). At year end it held assets of $4.1m against liabilities of $12k, net assets of $4.1m.