Indiana Musical Theatre Foundation Inc

Analysis

Indiana Musical Theatre Foundation Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in April 2019, 7 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 February 2024, Indiana Musical Theatre Foundation Inc reported income of $184k and spending of $151k, spending 82% of its income. Across the 3 years on record, from February 2022 to February 2024, income grew from $93k to $184k (+98%), an average of +41% a year. The sharpest change came in the year to February 2024, when income rose by 69%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indiana Musical Theatre Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include Makeict Institute ($184k), Palmetto Trust for Historic Preservation ($184k) and Mojalet Dance Collective ($184k).

On its Form 990-EZ for the period ending February 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.