Denton Community Theatre Inc

Analysis

Denton Community Theatre Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in May 1971, 55 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, Denton Community Theatre Inc reported income of $606k and spending of $602k, spending 99% of its income. Across the 6 years on record, from August 2019 to December 2023, income grew from $536k to $606k (+13%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 293%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Denton Community Theatre Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Hungary Initiatives Foundation Inc ($606k), Arts Center of Cannon County ($606k) and Rhode Island Black Heritage Society ($606k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $77k (13% of expenses). Other salaries and wages came to $162k. At year end it held assets of $593k against liabilities of $98k, net assets of $494k. It reported 7 employees.