Second Thought Theatre

Analysis

Second Thought Theatre is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2004, 22 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, Second Thought Theatre reported income of $217k and spending of $219k, spending 101% of its income. Across the 4 years on record, from August 2020 to December 2023, income grew from $206k to $217k (+5.0%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 442%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Second Thought Theatre sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Laguna Beach Cultural Arts Center ($217k), Our Lady of Fatima Society of Thornton California Inc ($217k) and Boulanger Initiative ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $45k (21% of expenses). Other salaries and wages came to $14k. At year end it held assets of $227k against liabilities of $30k, net assets of $197k. It reported 4 employees.