Luesther T Mertz Legacy TR for the Public Theater

Analysis

Luesther T Mertz Legacy TR for the Public Theater is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 2021, 5 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Luesther T Mertz Legacy TR for the Public Theater reported income of $305k and spending of $8.0m, spending 2619% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $33.6m to $305k (-99%), an average of -90% a year. The sharpest change came in the year to December 2023, when income rose by 3870%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Luesther T Mertz Legacy TR for the Public Theater sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 57th percentile within DE. Charities of a similar size with the same main cause include Lake Country Players Inc ($305k), Senior Citizens of Lincoln County ($306k) and Encore Music Boosters Club ($305k).

Compensation of current officers, directors and key employees was $10k (0.1% of expenses). At year end it held assets of $15.7m against liabilities of $0, net assets of $15.7m.