Texas Educational Theatre Association Inc

Analysis

Texas Educational Theatre Association Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 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 August 2022, Texas Educational Theatre Association Inc reported income of $118k and spending of $188k, spending 159% of what it took in. Across the 4 years on record, from August 2019 to August 2022, income fell from $375k to $118k (-69%), an average of -32% a year. The sharpest change came in the year to August 2021, when income dropped by 55%. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Educational Theatre Association Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Process Theatre ($118k), Gull Lake Area Robotics ($118k) and Tetra String Quartet ($118k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 57% and program service revenue 37% of the total. At year end it held assets of $647k against liabilities of $137k, net assets of $510k.

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.