The National Foundation for Musical Theatre Inc

Analysis

The National Foundation for Musical Theatre Inc is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in August 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, The National Foundation for Musical Theatre Inc reported income of $66k and spending of $48k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $780k to $66k (-92%), an average of -71% a year. The sharpest change came in the year to December 2022, when income dropped by 102%. Over the whole period it spent 12% 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 National Foundation for Musical Theatre Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within MN. Charities of a similar size with the same main cause include US Chinese Dance Association ($66k), Immigrant Story ($66k) and Camano Schoolhouse Foundation ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% of the total. Compensation of current officers, directors and key employees was $12k (25% of expenses). At year end it held assets of $649k against liabilities of $628, net assets of $649k.