Altadena Music Theatre Inc

Analysis

Altadena Music Theatre Inc is a registered charity in United States, based in Altadena, CA. It received its IRS tax-exemption ruling in March 2022, 4 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 December 2023, Altadena Music Theatre Inc reported income of $165k and spending of $191k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $165k (+209%), an average of +209% a year. The sharpest change came in the year to December 2023, when income rose by 209%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Altadena Music Theatre Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include National Museum of American Religion Inc ($165k), Bush Family Home Foundation ($165k) and Guam Conservatory of Arts Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 68% of the total. At year end it held assets of $8,931 against liabilities of $23k, net assets of -$14k.