Laredo Theater Guild International

Analysis

Laredo Theater Guild International is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in July 2006, 20 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, Laredo Theater Guild International reported income of $311k and spending of $245k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $311k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 216%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laredo Theater Guild International sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include American Friends of the Oxford Philharmonic Orchestra Inc ($311k), The Eagle Mountain-Saginaw Isd Education Foundation ($311k) and The Loudoun Symphony Association Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $245k against liabilities of $0, net assets of $245k.