Small Public Charity

THE MAGNETIC THEATRE INC

THE MAGNETIC THEATRE INC is a nonprofit organization categorized as Small Public Charity based in ASHEVILLE, NC. Its most recent IRS filing (2024) reports revenue of $-17K, expenses of $23K. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $31K.

EIN: 274033269 ASHEVILLE, NC Latest filing: 2024
Total Revenue$-17K
Total Expenses$23K
Grant Records2
Funding Total$31K
Filing Years2019–2024

Mission

THE MAGNETIC THEATRE SEEKS TO CONNECT ASHEVILLE AUDIENCES TO ORIGINAL, ARTIST-DRIVEN THEATRE. WE SUPPORT EMERGING LOCAL PLAYWRIGHTS AND PRODUCE EXCITING WORK THAT HAS NOT BEEN SEEN IN THIS REGION. WE WORK TO ENCOURAGE NEW PERSPECTIVES BY ILLUMINATING THE HUMAN CONDITION THROUGH DIVERSE, CHALLENGING PROJECTS AND CULTIVATING A PASSIONATE CREATIVE COMMUNITY.

Officers & Directors

PRESIDENT Jason Phillips
CO-ARTISTIC Jessica Johnson
TREASURER Josh Sullivan
CO-ARTISTIC Kathryn Jones

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$26,027 1 grant
Support Community Arts
$5,470 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $-17K $23K
2023 $156K $194K $40K
2022 $178K $168K $79K
2020 $80K $75K $51K
2019 $129K $129K $47K

Between 2019 and 2024, reported annual revenue moved from $129K to $-17K.

Interactive year-over-year charts and full filing details available with membership.

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