Ground Floor Theatre

Analysis

Ground Floor Theatre is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2014, 12 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, Ground Floor Theatre reported income of $336k and spending of $298k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $234k to $336k (+44%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ground Floor Theatre sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Avenue 50 Studio Inc ($336k), Oklahoma Shakespeare in the Park ($336k) and Tuscaloosa Childrens Theatre Inc ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $49k (16% of expenses). Other salaries and wages came to $8,800. At year end it held assets of $125k against liabilities of $50k, net assets of $75k. It reported 4 employees.