Musical Theater Southwest

Analysis

Musical Theater Southwest is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 1966, 60 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 January 2024, Musical Theater Southwest reported income of $223k and spending of $242k, spending 108% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $256k to $223k (-13%), an average of -3.4% a year. The sharpest change came in the year to January 2022, when income rose by 232%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musical Theater Southwest sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NM. Charities of a similar size with the same main cause include Park Theater Foundation Inc ($223k), Indian Hill Historical Museum Association ($223k) and Connecticut Huricanes Drum & Bugle Corps Inc ($223k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.