Tacoma Musical Playhouse

Analysis

Tacoma Musical Playhouse is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in April 1994, 32 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 August 2023, Tacoma Musical Playhouse reported income of $2.3m and spending of $1.7m, leaving 26% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.7m to $2.3m (+36%), an average of +7.9% a year. The sharpest change came in the year to August 2022, when income rose by 95%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tacoma Musical Playhouse sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Uniondocs Inc ($2.3m), Casey Cares Foundation Inc ($2.3m) and Newberry Opera House Foundation Inc ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 31% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $246k (15% of expenses). Other salaries and wages came to $185k. At year end it held assets of $6.5m against liabilities of $2.7m, net assets of $3.8m. It reported 18 employees.