Musical Theatre West

Analysis

Musical Theatre West is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in November 1964, 62 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 December 2023, Musical Theatre West reported income of $5.9m and spending of $4.8m, spending 81% of its income. Across the 5 years on record, from August 2019 to December 2023, income grew from $4.9m to $5.9m (+19%), an average of +4.4% a year. The sharpest change came in the year to August 2022, when income rose by 54%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musical Theatre West sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Luther F Carson Four Rivers Center Inc ($5.9m), National Humanities Center ($5.9m) and San Jose Museum of Art Association ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $150k (3.1% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $6.9m against liabilities of $1.7m, net assets of $5.2m. It reported 295 employees.