DEMOGRAPHIC
ADDRESS
34 ASPEN CT
28806
COUNTY
buncombe county, NC
IN CARE OF NAME
KATIE JONES
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGNETIC THEATRE is a based in ASHEVILLE, NC, focused on Arts, Culture and Humanities causes , specifically Theater. Established in September 2012, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $39,983.00, this ranks 597,344 among 2,656,690 nonprofits nationally (Top 23%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 15,299 out of 80,207 organizations in NC (Top 20%).
In buncombe county, NC, the organization ranks 590 out of 2,658 nonprofits by assets (Top 22%), while locally in asheville, it stands at 432 among 1,821 organizations (Top 23%).
The organization reported annual revenue of $156,412.00, ranking 324,340 nationally (Top 13%) and 9,429 in NC (Top 12%).
Within its specific NTEE classification (A65 - A: Arts, Culture and Humanities), which includes 6,834 similar organizations, MAGNETIC THEATRE ranks 1,400 in assets (Top 21%) and 970 in revenue (Top 15%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A65: Theater
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$156,412.00
FORM 990 REVENUE AMOUNT
$156,412.00
RULING DATE
09/2012
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$39,983.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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