Austin Scottish Rite Community and Childrens Theater Inc

Analysis

Austin Scottish Rite Community and Childrens Theater Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 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, Austin Scottish Rite Community and Childrens Theater Inc reported income of $459k and spending of $507k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $518k to $459k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Scottish Rite Community and Childrens Theater Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Pittsburgh Playwrights Theatre Co Penn Theater ($459k), Lincoln County Community Theater and Orchestra ($459k) and Zig Software Foundation Inc ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $52k (10% of expenses). Other salaries and wages came to $53k. At year end it held assets of $3.3m against liabilities of $178k, net assets of $3.1m. It reported 7 employees.