Match Midtown Arts & Theater Center Houston

Analysis

Match Midtown Arts & Theater Center Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Match Midtown Arts & Theater Center Houston reported income of $2.0m and spending of $2.5m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $2.0m (+95%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 187% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Match Midtown Arts & Theater Center Houston sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Elmhurst Art Museum ($2.0m), Sociedade Filarmonica Nova Alianca ($2.0m) and Osceola Center for the Arts ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $156k (6.3% of expenses). Other salaries and wages came to $529k. At year end it held assets of $19.6m against liabilities of $263k, net assets of $19.3m. It reported 78 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.