Millwald Theatre Inc

Analysis

Millwald Theatre Inc is a registered charity in United States, based in Wytheville, VA. It received its IRS tax-exemption ruling in June 2018, 8 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, Millwald Theatre Inc reported income of $1.1m and spending of $826k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $840k to $1.1m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2022, when income rose by 155%. Over the whole period it spent 25% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Millwald Theatre 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 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Scienceworks Hands-On Museum ($1.1m), Atawasul Center ($1.1m) and Dibble Institute for Marriage Education ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 16% of the total. Other salaries and wages came to $273k. At year end it held assets of $3.9m against liabilities of $507k, net assets of $3.4m. It reported 25 employees.