Mermaid Theatre of Nova Scotia

Analysis

Mermaid Theatre of Nova Scotia is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in August 2015, 11 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).

In the financial year ending June 2024, Mermaid Theatre of Nova Scotia reported income of $1.2m and spending of $1.2m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $1.2m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2024, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mermaid Theatre of Nova Scotia sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile. Charities of a similar size with the same main cause include Community Gallery Inc ($1.2m), Mountain Play Association ($1.2m) and Opera Grand Rapids ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $2.2m against liabilities of $1.1m, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.