South Bay Musical Theatre

Analysis

South Bay Musical Theatre is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 1970, 56 years ago. 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, South Bay Musical Theatre reported income of $484k and spending of $481k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $412k to $484k (+18%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 161%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Bay Musical Theatre sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include The Dekleptocracy Project ($484k), Mountain View Prevention Services ($484k) and Building Biology Institute Corp ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $40k (8.4% of expenses). Other salaries and wages came to $121k. At year end it held assets of $448k against liabilities of $23k, net assets of $425k. It reported 55 employees.