Rockport Little Theater

Analysis

Rockport Little Theater is a registered charity in United States, based in Rockport, TX. It received its IRS tax-exemption ruling in January 2012, 14 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, Rockport Little Theater reported income of $174k and spending of $117k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $160k to $174k (+8.3%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rockport Little Theater sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Markeim Art Center Inc ($174k), Cultural Alliance of Western Connecticut Inc ($174k) and Sumner County Museum Inc ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. At year end it held assets of $816k against liabilities of $485k, net assets of $331k.