Kitsap Childrens Musical Theatre

Analysis

Kitsap Childrens Musical Theatre is a registered charity in United States, based in Poulsbo, WA. It received its IRS tax-exemption ruling in October 2001, 25 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, Kitsap Childrens Musical Theatre reported income of $205k and spending of $218k, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $204k to $205k (+0.6%), an average of +0.2% a year. The sharpest change came in the year to December 2022, when income rose by 462%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kitsap Childrens Musical Theatre 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 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include The Fayetteville Art Alliance ($205k), Swansboro Band Boosters Inc ($205k) and Vicksburg Civil War Museum Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% and program service revenue 92% of the total. At year end it held assets of $191k against liabilities of $0, net assets of $191k.