Miracle Theatre Group

Analysis

Miracle Theatre Group is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in April 1986, 40 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 June 2023, Miracle Theatre Group reported income of $616k and spending of $626k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $649k to $616k (-5.1%), an average of -1.3% a year. The sharpest change came in the year to June 2020, when income rose by 62%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Miracle Theatre Group sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OR. Charities of a similar size with the same main cause include Kerrytown Concert House Inc ($616k), Vintage Theatre Production Inc ($616k) and Center of Musical Studies Inc ($616k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $127k (20% of expenses). Other salaries and wages came to $150k. At year end it held assets of $1.6m against liabilities of $47k, net assets of $1.6m. It reported 40 employees.